New Listing - 06/30/2026
2 Elm Street, Westerly, RI, 02891
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!!
Status:
Active
Type:
Commercial
Units:
0
Complex:
Downtown
Heating:
Baseboard, Steam
Cooling:
None
Parking:
10-car
Est. Taxes:
$4,900
Assessment
$629,800
Utilities
Natural Gas Connected,Sewer Connected
Amenities:
Business CenterBusiness Center, Highway Access, Marina, Near Hospital, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks
MLS #:
1415769
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of RE/MAX Right Choice 860-647-1419