575 Main ST, East Greenwich, RI 02818 – 1396711

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Kathleen Sposato

soldwithsposato@gmail.com +1(508) 523-8632

$1,895,000

Est. payment - /mo

8,900 SqFt

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,900 sqft

Price per Sqft $212

MLS Listing ID 1396711

HOA Y/N No

Abv Grd Liv Area 8,900

Year Built 1960

Annual Tax Amount $22,164

Tax Year 2024

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Commercial

Property Description

Situated in the heart of the historic district of downtown East Greenwich, 575-591 Main St & 5-7 Friendship St present a rare investment opportunity. This property encompasses two well-maintained buildings with full basements, featuring 9 units: 3 renovated apartments and 6 thriving commercial spaces.The residential portion includes two 2-bedroom apartments and one 1-bedroom apartment, all with private entrances, updated interiors, and separately metered electric and gas. Each commercial space offers its own bathroom, AC, signage, private entrance, and separately metered utilities with one unit also featuring a convenient overhead door. Additional highlights include off-street parking, numerous property updates for ease of management, and strong income generation. The property is fully rented, making it a true turnkey, income-producing asset in a highly sought-after location. P&L available upon request. Contact today to schedule a private tour.

Location

State RI

County Kent

Zoning CH

Rooms

Basement Full

Interior

Cooling Central Air

Furnishings Unfurnished

Exterior

Community Features Public Transportation, High Traffic Location

Utilities Available Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Total Parking Spaces 8

Building

Story 3

Foundation Combination

Sewer Connected

Water Connected, Public

Level or Stories 3

New Construction No

Others

Tax ID 575MAINSTEGRN

Virtual Tour https://tour.RiLiving.com/575-Main-Street-East-Greenwich-RI-02818

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Listed by William Raveis Inspire

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Kathleen Sposato

+1(508) 523-8632

Broker | License ID: 9084437

Broker License ID: 9084437

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575 Main ST East Greenwich, RI 02818

Kathleen Sposato

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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575 Main ST