575-589 Main St - Storefront Retail/Office FOR SALE


East Greenwich, RI 02818
$1,895,000 USD
401-368-4485
575-589 Main St, East Greenwich, RI for Sale
$1,895,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

575-589 Main St
East Greenwich, RI 02818


HIGHLIGHTS

  • Prime High Traffic Location
  • Recently Rennovated
  • Long term Month to Month tenants

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,716 SF

ZONING

C

APN/PARCEL ID

EGRE-000075-000003-000082

ASK ABOUT THIS PROPERTY

Scott VelosoResidential Properties LtdMore Info
401-368-4485

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Scott VelosoResidential Properties LtdMore Info
401-368-4485

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.