A long-standing local business in Lincoln, Rhode Island, is on the market following the owner's decision to retire. The property and business of Lincoln Gardens Florist & Gifts, located at 1688 Old Louisquisset Pike, have been listed for sale with an asking price of $700,000. The sale includes the commercial building, an established greenhouse, and nearly one acre of land.
Key Takeaways
- The Lincoln Gardens Florist & Gifts property and business are for sale for $700,000.
- The offering includes a 1,916-square-foot building, a greenhouse, and all existing florist supplies.
- Located on just under one acre, the property has flexible zoning that allows for continued commercial use or conversion into a single-family home.
- The sale is prompted by the current owner's plan to retire, presenting a turnkey opportunity for a new operator.
Property and Listing Details
The commercial property was officially listed for sale on September 11. The main building is a Cape Cod-style structure constructed in 1979, offering 1,916 square feet of interior space. This includes a finished, open upstairs area and a full basement, providing significant room for operations or storage.
The property sits on a parcel of land measuring just under one acre. According to real estate agent Meg Hayden, who is handling the sale, the grounds are well-equipped for horticultural purposes. Key infrastructure is already in place to support a garden or floral business.
Property Specifications
- Address: 1688 Old Louisquisset Pike, Lincoln, RI
- List Price: $700,000
- Building Size: 1,916 sq. ft.
- Lot Size: Just under 1 acre
- Year Built: 1979
Established Infrastructure for Business Operations
A significant feature of the property is its established infrastructure. It is equipped with a private well and a comprehensive irrigation system, which Hayden described as practical and economical for maintaining plants and grounds. Additionally, the property has full connections to town water and sewer services, offering versatility for future use.
The sale also includes a greenhouse located behind the main building and a garage. These existing structures provide a solid foundation for a new owner to continue or expand upon the current business model.
A Turnkey Opportunity for a New Owner
With the current owner planning to retire, the sale is being presented as a unique opportunity for an entrepreneur in the horticulture industry. Hayden noted that the property will be sold with all existing florist supplies, making it a turnkey operation for a buyer looking to enter the business immediately.
"It’s been a flower shop for so long, and the owner is just looking to retire, so I think it would be great for the community if another florist, contractor, or garden shop wanted to move in there," Hayden said.
She emphasized that a new business of a similar nature, such as a florist or garden center, would benefit from existing zoning allowances. According to Hayden, another business of this kind would be "grandfathered in," simplifying the process for a new owner to take over.
Flexible Usage and Future Potential
While the property is ideally suited for a floral or garden-related business, its potential uses are diverse. The listing agent highlighted that the space could be adapted for various purposes, appealing to a wide range of potential buyers.
Zoning and Conversion Possibilities
The property's flexible zoning is a key selling point. A new owner could continue the established commercial use as a florist or garden center. Alternatively, the building could be converted into a single-family residence. Other potential uses, such as office space or a different type of retail business, would require approval through the town's zoning process.
Expanding on a Community Legacy
Hayden suggested that the location is ideal for a business owner looking to create a community-focused destination. She pointed to a growing trend of garden centers that incorporate other attractions to draw in customers.
"There are lots of places in South County that are garden centers, but also have coffee carts and crafts, or have Santa and hot chocolate around Christmastime," she explained. "It’d be wonderful for the buyer to do something like that, and to honor and build upon the legacy of the previous owners."
The property's layout, with its main building, greenhouse, and ample grounds, could easily accommodate workshops, classes, or seasonal community events. Its accessibility and proximity to a major highway make it a convenient location for customers from across Rhode Island and nearby Massachusetts.
Residential Conversion Option
For those not interested in running a business, the property holds strong potential as a private residence. The 1,916-square-foot Cape Cod-style building could be converted into a spacious single-family home. The nearly one-acre lot provides ample space for landscaping, gardening, and outdoor living, complete with the added benefit of an existing greenhouse.
Hayden summarized the property's appeal by emphasizing its adaptability. "The property is diverse, full of history, and has truly endless potential," she stated, highlighting its capacity to serve as either a thriving business or a private home.
For more information or to schedule a viewing of the property, interested parties can contact Meg Hayden at [email protected].
