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Benjamin Wood

28 Park Avenue

$2,200,000 28 Park Avenue, South Kingstown, RI 02879
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.
  • For Sale
    Status
  • 1903
    Year Built
  • 10,168 Sq.Ft.
    Living Area
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 28 Park Avenue, South Kingstown, RI 02879. We are reviewing your request and will be in touch shortly!

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 10,168 Sq.Ft.
  • Lot Size: 0.77 Acres
  • MLS® ID: 1377186
  • Type: Commercial
  • Year Built: 1903
  • Neighborhood: Wakefield
  • View Description: Water

Exterior & Building

  • Stories: 3
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Not Available, Municipal Utilities, Water Connected
  • Heat Type: Common
  • Air Conditioning: None
  • Sewer: Septic Tank
  • Substructure: Combination, Concrete Perimeter
  • Security Features: Fire Sprinkler System

Financial

  • Sales Price: $2,200,000
  • Real Estate Tax: $9,992/yr
  • Zoning: R20

28 Park Avenue

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