Waterfront
Address
18 Water Street, Warren, RI
Price
$ 1,199,900
Property Attributes
  • MLS#1345403
  • TypePending
  • CountyBRISTOL
  • CityWarren
  • NeighborhoodDowntown Warren
  • Zip02885
  • StyleMultiFamily
  • Year Built1900
  • Taxes$ 12283
  • Price$ 1,199,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms2
  • Sqr Footage5100
  • Lot Size8,298 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description

Fantastic Investment Opportunity! Welcome to this charming commercial building, situated in the heart of a bustling village. This totally renovated property presents an incredible chance to own a versatile space that is currently operating as a well-being clinic w/ an apothecary storefront. The sale includes the 2 buildings, and if desired, the existing apothecary can be seamlessly transferred to the new owner. The front area of the building houses the apothecary, showcasing natural health products, herbs, & remedies. Additionally, the 2nd floor boasts 2 apartments that previously served as residences. While they currently lack kitchens, the layout & infrastructure make it easy to add them back in w/ town approval. There is also a spacious barn situated in the parking lot. This barn may be transformed into a studio apartment, ice cream.... The possibilities are endless subject to town approvals. Let your imagination run wild. Speaking of the parking lot, you'll have room for up to 10 cars for guests and staff. This property benefits from high visibility & a steady flow of foot traffic. Take advantage of the proximity to other businesses, shops, waterfront, and amenities, fostering collaboration and growth. Don't miss this exceptional opportunity to acquire a thriving commercial space with endless potential. Whether you are an entrepreneur looking to expand an existing business or an investor seeking a solid income-generating asset, this property ticks all the boxes.

Price History
10/5/2023 Listed $1,199,900

General Features

Interior Features BathroomRoughIn,CathedralCeilings
Sewer Connected
Heating ForcedAir,Gas
Cooling CentralAir
Utilities SewerConnected
Possession Negotiable
Appliances ElectricWaterHeater,GasWaterHeater
Garage Spaces 0.0
Construction Materials Plaster,Clapboard,ShingleSiding
Year Built 1900
Electric Item100AmpService,Item200AmpService
Property SubType MultiFamily
Tax Year 2023
Waterfront Features WalktoWater
Community Features NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,Sidewalks
County BRISTOL
Operating Expense 0.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Subdivision Name Downtown Warren
Garage Y/N No
Other Structures Outbuilding
Total Rooms 8
Status Pending
City Warren
View Y/N No
Senior Community Y/N No
Total Units 2
Lot Size Square Feet 8300.0
Waterfront Y/N No
Carport Y/N No
Street Name Water
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 12283.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://tour.RiLiving.com/18-2022-Water-ST-Warren-RI-02885
Days on Market 102
Standard Status Pending
Tax Assessed Value 837200
Tax Lot 45
MobileHomeRemainsYN No

Interior Features

Basement CrawlSpace,ExteriorEntry,InteriorEntry,Unfinished
Flooring Carpet,CeramicTile,Hardwood,Laminate,Vinyl
Total Stories 3
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 5100.0
Half Baths 2
Street Suffix Street
Laundry Features CommonArea
Electric On Property Y/N No
LivingAreaSource Owner
Total Baths 2

Exterior Features

Parking Features NoGarage
Water Source Public
Total Parking 10.0
Lot Size Area 8300.0
Foundation Details Stone
Number of Buildings 2
Spa No
Building Area Total 5100.0
Lot Size Acres 0.1905
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 02885

Price
AVG $540K
$1.2M
Taxes
AVG $5,621
$12,283
Visits
AVG 173
183
Data Provided by Inside Real Estate®
Year Built
AVG 1955
1900
Walkscore
AVG 53
74
Data Provided by Walkscore® not using MLS data

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