RI > South Kingstown > Matunuck
South Kingstown, RI 02879,28 Park AVE
South Kingstown, RI 02879,28 Park AVE
South Kingstown, RI 02879,28 Park AVE
South Kingstown, RI 02879,28 Park AVE
South Kingstown, RI 02879,28 Park AVE
South Kingstown, RI 02879,28 Park AVE
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Reza Lashkari

Reza Lashkari

+1(949) 826-8100
$ 2,200,000
Est. payment | /mo

10,168 SqFt

Save
$ 2,200,000
Est. payment | /mo
Save

10,168 SqFt

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

HOA Y/N No

Abv Grd Liv Area 10,168

Year Built 1903

Annual Tax Amount $9,992

Tax Year 2024

Lot Size 0.770 Acres

Acres 0.77

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

Rooms

Basement Full

Interior

Heating Common

Cooling None

Furnishings Unfurnished

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

Street Surface Asphalt,Dirt

Total Parking Spaces 12

Building

Story 3

Foundation Combination, Concrete Perimeter

Sewer Septic Tank

Water Public

Level or Stories 3

Structure Type Other

New Construction No

Others

Tax ID 28PARKAVSKNG

Security Features Fire Sprinkler System

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Listed by Compass / Lila Delman Compass
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+1(949) 826-8100

reza@llhomesteam.com

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