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Emilio DiSpirito

emilio.dispirito@engelvoelkers.com +1(401) 359-2338

$ 885,000

Est. payment -/mo

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2 Elm ST Westerly, RI 02891

4 Beds

2 Baths

3,712 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,712 sqft

Price per Sqft $238

Subdivision Downtown

MLS Listing ID 1410935

Style Colonial

Bedrooms 4

Full Baths 1

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 3,712

Year Built 1860

Annual Tax Amount $4,900

Tax Year 2025

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type Single Family Residence

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 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, a rental property, an Inn, a multi-unit 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 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

Rooms

Basement Full, Unfinished

Interior

Interior Features Bathtub, Tub Shower

Heating Baseboard, Gas, Oil, Steam

Cooling None

Flooring Hardwood

Fireplaces Number 2

Fireplaces Type Marble

Fireplace Yes

Appliance Water Heater

Exterior

Community Features Highway Access, Marina, Near Hospital, Near Schools, Restaurant, Shopping, Sidewalks

Waterfront Description River Front,Walk to Water

Handicap Access Accessible Approach with Ramp

Total Parking Spaces 10

Garage No

Building

Story 3

Foundation Combination, Stone

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories 3

Structure Type Plaster,Clapboard

New Construction No

Others

Senior Community No

Tax ID 2ELMSTWEST

Acceptable Financing 1031 Exchange, Investor Financing, Trade

Listing Terms 1031 Exchange, Investor Financing, Trade

Listed by RE/MAX Right Choice

NEARBY SCHOOLS & PROPERTIES

Emilio DiSpirito

License Partner | Private Office Advisor | License ID: S35582

+1(401) 359-2338

Emilio DiSpirito

2 Elm ST Westerly, RI 02891

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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2 Elm ST