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$1,199,900   Price Analysis
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18 22 Water St
Warren, RI 02885
0 bed 2 bath 1,600 SqFt ($749/SqFt)
8,298SqFt lot. Built 1900
Listed 2023-10-05
Ⓧ USDA Ineligible
due to price & location

near Warren

Fantastic Investment Opportunity!

* Sale Pending *

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. T he sale includes the 2 buildings and if desired, the existing apothecary can be seamlessly transferred to the new owner. The front ara of the building houses the apothecary, showcasing natural health products, herbs and remedies. Additionally, the 2nd floor boasts 2 apartments that previously served as residences. While they currently lack kitchens, the layout and infrastructure make it easy to add them back in w/ town approval.

There is also a sizeable barn situated in the parking lot. This barn may be transformed into a studio apartment, ice cream. The possibilities are infinite 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 and 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.


Presented by DEBORAH CORDEIRO at
Harborside Realty.
Listing Agent Photo

Property MLS #1345403 from StateWide

Bedrooms: 0

Total Rooms: 8
Basement Description: Crawl Space, Unfinished, Access: Interior and Exterior

Total Bathrooms: 0.20
1/2 Bathrooms: 2

Cathedral Ceilings
Rough Bath
Stairs

Cooling Features: Central Air
Heating Features: Central Air, Forced Air
Heating Fuel: Gas
Water Heaters: Electric, Gas

Water Features: Walk to Fresh Water, Walk to Salt Water, Walk To Water

Lot Description: Out Building, Sidewalks
Lot Size Acres: 0.1905
Lot Size Square Feet: 8298

Parking Total: 10

Number of Units: 2

Annual Tax Amount: 12283.0000
Source Listing Status: Pending
County: BRISTOL
Tax Year: 2023
Source Property Type: 2-4 Units Multi Family
Source Neighborhood: Downtown Warren
Property Subtype: Side/Side, Up/Down
Source System Name: C2C

Listing removed 2023-10-05
$0
StateWide
Listed 2023-10-05
$1,199,900
StateWide
Listed 2023-08-08
$1,199,900
StateWide

Total Square Feet Living: 1600
Year Built: 1900
Building Exterior Type: Clapboard, Shingles
Insulation: Cap
Property Age: 124
Levels or Stories: 3
Total Above Grade Sqft Area: 5100
Walls: Plaster

Electric: 100 Amps, 200 Amps, 400 Amps
Sewer: Connected
Water Source: Public

Mt. Hope High School is a public high school located approximately 3.4 miles away.
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East Bay Career Academy is a private middle and high school located approximately 0.7 miles away.
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Highlander Secondary Charter S is a public middle and high school located approximately 0.9 miles away.
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Hugh Cole School is a public elementary school located approximately 1.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.