301 Hope St, Bristol, RI 02809
sale
$650,000
|
Commercial-Other
Listed By CENTURY 21 Limitless
Pleased to present a mixed-use asset with a great blend of capital appreciation and strong income history. This is a rare high-yield investment opportunity and trophy property in the most walkable location in all of Bristol: The Downtown Parade Route. Total monthly income is $4,250/month with potential for $5,000+. Located in the heart of downtown Bristol right on the famous parade route. In addition to excellent visibility, this is in an area with high levels of foot traffic from local residents, college students and tourists, which drives significant business for the two side by side retail commercial units on the 1st floor: a cafe ($2,100/month, increasing to $2,300 in May 2023) with a full lower level and kitchen; and a gift shop ($950/month-to-month) 25-year tenant. The residential townhouse style unit located on the 2nd and 3rd floor generates $1200 via a month-to-month lease; however, market rent ≤ $1,800/month. This unit features 3 bedrooms, a full bath and recently renovated kitchen. *Residential unit has lucrative Airbnb potential as it generates $8,000/month in the summer*. Property is within a 5-minute walk to the water. Do not miss out on the opportunity to add this valuable asset to your portfolio. Schedule an appointment today!
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Property Features
- Building Area: 3100.00 SF
- Common Area Factor: 0
- Cooling: Central A/C
- Cross Docks: N
- For Auction: N
- Heating Type: Forced Air
- MLSID: 1306436
- Parking Places: 0
- Price Per Area: 209.68
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Year Built: 1789
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