2 Elm Street Westerly, RI $ 885,000
2 Elm Street
$ 885,000
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2 Elm Street

Westerly, RI, 02891
$ 885,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,588

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Commercial Property for sale in Westerly, RI

for $885,000. This building was built in 1860.

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 the entire 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, office, an Inn, a multi-unit rental 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 a 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!!

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Commercial Active

Price

$ 885,000

Property Type

Commercial

Taxes

$ 4,900

Style

Year Built

1860

Town/City

Westerly

County/Region

Washington

MLS | Web ID

1415769

Features
General
Sewer Connected Public Sewer
Heating Baseboard Steam
Cooling None
Utilities Natural Gas Connected Sewer Connected
Possession Negotiable
Year Built 1860
Electric 100 Amp Service
Stories Count 3
Levels Three Or More
Property Subtype Commercial
Tax Year 2025
Business Type Administrative and Support Bed & Breakfast Hotel/Motel Hospitality Other Variety
Community Features Business Center Highway Access Marina Near Hospital Restaurant Shopping High Traffic Location Street Lights Sidewalks
County Washington
New Construction false
Property Type Commercial Sale
Subdivision Name Downtown
Status Active
City Westerly
Green Location Public Transportation Walkability
Number Of Units Total 0
Lot Size Units Square Feet
Lot Size Square Feet 20038
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 4900
Structure Type Apartment
Standard Status Active
Tax Assessed Value 629800
Tax Lot 79
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Interior
Total Stories 3
Air Conditioning Y/N false
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking 10
Lot Size Area 20038
Foundation Details Combination
Number of Buildings 1
Building Area Total 0
Road Surface Type Asphalt
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* Excluded Features
List By
Re/Max Right Choice

Broker

kurt@kurtpotter.com

Email

Affordability Calculator

$5,996
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,588
Monthly Property Taxes
$408
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
6/30/2026$885,000 Listed Price

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2 Elm Street, Westerly, RI, 02891 is a Commercial Property for sale at $885,000. 2 Elm Street was built in 1860. The property's zip code is 02891 which is in Westerly, RI