$1,825,000

591 Main Street, East Greenwich, RI 02818

  • 8,900 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $205/sqft
  • Property List Date Icon Listed 5 days ago

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.

Listing Status:
Active
Date Added:
November 25, 2025 at 06:00AM
Listing Office:
William Raveis Inspire : 401-751-8100
MLS ID:
1400839
  • Basement: Full
  • A/C: Central Air
  • Parking: Parking spaces: 8
  • General: 3Combination
  • Road/Access: City Street
  • Originating MLS: RIS_RIS
  • County: Kent
  • Zoning: CH591MAINSTEGRN
  • Utilities: Natural Gas ConnectedMunicipal UtilitiesWater ConnectedSewer ConnectedSeparate Meters
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: RIS_RIS

This listing courtesy of William Raveis Inspire

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

J

James H. Eldredge School

101 1st Ave, East Greenwich, RI, 02818

Grades 3-5

0.17 miles away

A

Archie R. Cole Middle School

100 Cedar Ave, East Greenwich, RI, 02818

Grades 6-8

0.60 miles away

E

East Greenwich High School

300 Avenger Dr, East Greenwich, RI, 02818

Grades 9-12

1.99 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.