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Caitlin Pannone

caitlin.pannone@engelvoelkers.com +1(401) 258-3331

$ 885,000

Est. payment -/mo

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Active

2 Elm ST Westerly, RI 02891

0.46 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID 1415769

HOA Y/N No

Year Built 1860

Annual Tax Amount $4,900

Tax Year 2025

Lot Size 0.460 Acres

Property Sub-Type Commercial

Property Description

THE CROWN JEWEL! 2 Elm Street, Westerly, RI. The most majestic property in Beautiful Downtown Westerly is ready to take on its' next life. Looking down from its' perch at the top of Broad Street, she presides over the entire Town. This will once again be the grand Lady it has been in the past. This opportunity is one of a kind, and can be taken advantage of for a variety of potential usages. A single family residence, office, an Inn, a multi-unit rental property, or an extension of any high end real estate portfolio. Sitting directly next door to the Granite Theatre, you are a stones throw to gorgeous Wilcox Park, and all that Downtown Westerly has to offer. Fine dining, lively Pubs, and beautiful shops abound. Take a stroll to the river or through the Park. Enjoy mornings with coffee and conversation, and happy hour evenings leading to a wonderful dinners downtown. Envision the grand front lawn with a western facing patio, complete with fire pits and gorgeous sitting areas looking over beautiful Downtown Westerly. This restoration is HGTV worthy! The seller is willing to partner with the right group that sees the unreal potential here, or to step aside and allow the next owner to complete their own vision. Public water and sewer are in place, along with natural gas. The lot should be able to sustain an ADU (another 2BR unit) and garage expansion in the rear!! There will never be another 2 Elm Street to duplicate this opportunity for a Downtown home or business opportunity!!

Location

State RI

County Washington

Community Downtown

Interior

Heating Baseboard, Steam

Cooling None

Exterior

Community Features Business Center, Highway Access, Marina, Near Hospital, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks

Utilities Available Natural Gas Connected, Sewer Connected

Amenities Available Business Center

Street Surface Asphalt

Total Parking Spaces 10

Building

Story 3

Foundation Combination

Sewer Connected, Public Sewer

Water Public

Level or Stories 3

New Construction No

Others

Tax ID 2ELMSTWEST

Acceptable Financing Investor Financing

Listing Terms Investor Financing

Listed by RE/MAX Right Choice

Caitlin Pannone

Advisor

+1(401) 258-3331

Caitlin Pannone

2 Elm ST Westerly, RI 02891

Key Details

Location

Interior

Exterior

Building

Others

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2 Elm ST