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Retail Space with Full Basement
For Sale
$465,000

103 Tillinghast Avenue, Warwick, RI 02886

Commercial/Business,Commercial Sale, Warwick, RI

Property Size3,986 SF
Lot Size0.14 Acres
Price / SF$116.66
Days on Market8

Property Features for 103 Tillinghast Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning A7
Rooms Basement
Parking 6
Basement Full
Subdivision Bald Hill
Lot features Suburban
Standard status Active
Size 3,986 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4968

Utilities

Heating system Forced Air
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1894
Floors in Building 1
Number of units 1
Building materials Frame
Listing Agency: William Raveis Inspire
Listed By: John Marsella · License #41332
Added: Sep 17 Changed: Sep 18 Last Checked: Sep 24 at 12:06AM
MLS# 1423681

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,986-square-foot retail building offers a full basement with 7-foot ceilings and a cement floor, along with a small private room on the second floor. The frame structure was built in 1894 and includes 200-amp electrical service, oil heat with forced-air distribution, window-unit cooling, a functioning fire alarm panel, public water, and a septic system pumped in July 2026. Roof replacement was completed in 2019, the parking lot was repaved in 2023, and blown-in insulation was installed in 2025. Newer copper piping and PVC drains are also in place.

The property is located on Route 2 within an active retail strip, with visibility from a corridor carrying thousands of vehicles daily. It provides quick access to I-95 and I-295, is near major shopping malls, and includes six on-site parking spaces. The building is zoned A7 and approved by the City of Warwick for retail use. It previously operated as a family-owned florist for 10 years.

Key Highlights

  • 3,986‑square‑foot retail building on a 0.14‑acre lot
  • Full basement with 7‑foot ceilings and cement floor
  • Route 2 visibility with thousands of vehicles daily

Property Analytics

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Current Use

Petals Florist Warwick ... (Bike/Boat/Book/etc) Store Lanni Handcrafted Jewelry (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Electrical Service Storage Facility Daycare Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

761
Businesses Nearby
375k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 56% Shops & Services 24% Groceries 11% Apparel 6%
McDonald's Dining
47,348 visits/mo 0.2 miles
Trader Joe's Groceries
42,620 visits/mo 0.3 miles
Hobby Lobby Shops & Services
37,107 visits/mo 0.3 miles
Wendy's Dining
29,276 visits/mo 0.2 miles
Taco Bell Dining
21,562 visits/mo 0.2 miles

Demographics for 02886, RI

29,373
Population
13,669
Households
2.1
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
15.8 sq mi
ZIP Area
1,859
Density / Sq Mi
$91,037
Median Household Income
$52,851
Median Earnings
$1,300
Median Rent
$334,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - A7-zoned property approved by the City of Warwick for retail use.
Where is this retail space located?
The property is located at 103 Tillinghast Avenue Warwick, RI.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 3,986‑square‑foot retail building on a 0.14‑acre lot; Full basement with 7‑foot ceilings and cement floor; Route 2 visibility with thousands of vehicles daily
More about this property
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