28 Park AVE Active Save Request In-Person Tour Request Virtual Tour
South Kingstown,RI 02879
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,168 sqft
Price per Sqft $216
Subdivision Matunuck
MLS Listing ID 1377186
Year Built 1903
Annual Tax Amount $9,992
Tax Year 2024
Lot Size 0.770 Acres
Property Sub-Type Commercial
Property Description
Step into a piece of history with 28 Park Avenue, an iconic building nestled in the heart of Matunuck, RI. Built in 1903, this legendary property boasts multiple units that offer incredible potential for development and improvement. With its rich architectural heritage and prime location, this building presents an exceptional opportunity for investors looking to improve and capitalize on the area's growing demand for modern rental units. Currently offering a mix of studio, 1 and 2 bedrooms, the property holds untapped potential to significantly increase rents through strategic upgrades, renovations, and reimagination. Additionally, expired plans once proposed an additional structure for apartments on the property, highlighting the site's potential for expansion. Whether you're looking to restore the charm of its historic roots or modernize it to meet today's market demands, 28 Park Ave offers flexibility to transform it into a high-demand, high-return asset. The location is prime for development just moments away from Matunuck Beach, renowned dining spots, and a vibrant seaside community. With the right vision and improvements, 28 Park Ave could become one of the most sought-after properties in the area. Don't miss your chance to own a piece of Matunuck's storied past with endless possibilities for the future.
Location
State RI
County Washington
Community Matunuck
Zoning R20
Interior
Heating Common
Cooling None
Exterior
Community Features Golf,Highway Access,Marina,Near Hospital,Near Schools,Other,Public Transportation,Recreation Area,Restaurant,Shopping,See Remarks,Tennis Court(s)
Utilities Available Electricity Available,Natural Gas Not Available,Municipal Utilities,Water Connected
View Y/N Yes
View Water
Building
Story 3
Foundation Combination,Concrete Perimeter
Sewer Septic Tank
Water Public
Structure Type Other
New Construction No