1688 Old Louisquisset Pike, Lincoln, RI, 02865 | $699,900

Welcome to Lincoln Gardens! Nestled within a residential neighborhood of the town of Lincoln, this picturesque property spans . 91 acres, commanding attention as a local landmark. The property boasts four structures, including an original farm stand, a fully heated four-season greenhouse, and a two-car garage featuring a sizable walk-in fridge. The storefront itself is a turnkey, full-service florist and garden center, proudly serving Rhode Island and parts of Massachusetts. Within this 1900 sq ft structure, the first floor serves as retail space complemented by a spacious second floor office capable of an expansion of the current store front or additional storage. The 1040 sq ft basement is equipped with a walk in fridge. In the rear of the storefront lies a fully irrigated half acre. The lot benefits from grandfather rights, allowing its current use to continue or accommodating a reasonable alternative as deemed acceptable by the town of Lincoln. If you are interested in becoming a small business owner, expanding your current business to a new location, or you simply grasp the multitude of possibilities this property holds, then consider this your next investment! This sale encompasses all the business has to offer including but not limited to: its inventory, delivery van, & equipment. Creative financing negotiable to a viable buyer. Schedule your private tour today! $699, 900

Features

  • Property Type: Commercial
  • Permitted Use: Agricultural,Dairy,Farm,Nursery,Orchard,Pasture,Plantable,Row Crops,Retail,See Remarks
  • Parking: 22-car
  • Heating: Baseboard,Zoned
  • Cooling: Partial
  • Units: 4
  • Frontage: 191
  • Year Built: 1979
  • Acreage: 0.91
  • Est. Taxes: $8,329
  • MLS#: 1364508
  • Website: https://www.raveis.com
    /prop/1364508/1688oldlouisquissetpike_lincoln_ri?source=qrflyer
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Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Residential Properties LTD.   Phone: 401-333-9333

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1688 Old Louisquisset Pike, Lincoln, RI, 02865

$699,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Whitney Rugg

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 401.474.4879

Whitney.Rugg@raveis.com

NMLS Mortgage Loan Originator ID 7654

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $559,920 $559,920 $559,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $694 $694 $694
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,725 $3,721 $4,801
Total Monthly Payment $4,511 $4,507 $5,587

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.