Storefront Building with Divisible
For Sale
$249,900
Pending
100 Archambault Avenue, West Warwick, RI 02893
Existing shoe and leather repair operation with separate entry points and flexible occupancy options, subject to zoning requirements.
Property Size1,020 SF
Lot Size0.12 Acres
Days on Market55
Property Features for 100 Archambault Avenue
General Information
Standard status
Pending
Size
1,020 SF
Lot size
0.12 Acres
Property subtype
Commercial
Zoning
05 - Comm 1, R-6
Building Details
Year Built
1950
Buildings
1
Tenancy
Single
Listing Agency:
HomeSmart First Class Realty
(508) 297-7270
Listed By:
Jamie Rebello · License #RES.0034003
(401) 241-7728
Source:
Lockandkeyre
Added: Aug 12
Changed: Oct 4
Last Checked: Oct 5 at 7:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart First Class Realty
Investment Insights
Based on property information with market context.
This approximately 1,020-square-foot commercial building occupies approximately 5,053 square feet of land at 100 Archambault in West Warwick, Rhode Island. Built in 1950, the property currently operates as a shoe and leather repair business. Two entry doors and an interior separation wall create a configuration that may support distinct occupancy areas, subject to an acceptable arrangement and applicable zoning requirements.
The current tenant is willing to remain, providing continuity for an owner evaluating the property as an investment or operating location. The property carries State Code 05 - Comm 1 and Town R-6 zoning, with residential and service-related uses subject to zoning requirements and Town approval. Zoning, permitted uses, parking requirements, dimensions, rental or occupancy arrangements, and development potential should be verified with the Town of West Warwick.
The current tenant is willing to remain, providing continuity for an owner evaluating the property as an investment or operating location. The property carries State Code 05 - Comm 1 and Town R-6 zoning, with residential and service-related uses subject to zoning requirements and Town approval. Zoning, permitted uses, parking requirements, dimensions, rental or occupancy arrangements, and development potential should be verified with the Town of West Warwick.
Key Highlights
- Approximately 1,020 SF commercial building on approximately 5,053 SF of land
- Currently operating as a shoe and leather repair business
- Two entry doors and an interior wall provide a divisible layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,185
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,700
$263.7K
Cap Rate 7%
$188,357
$188.4K
Cap Rate 9%
$146,500
$146.5K
Market Conditions
NOI Build-Up for 1,020 SF
Gross rent
$19.3K $18.96/SF
− Vacancy
−$503 −$0.49/SF
EGI
$18.8K $18.47/SF
− OpEx
−$5.7K −$5.54/SF
NOI
$13.2K $12.93/SF
Area
Kent County, RI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,700
Cap Rate 7%
$188,357
Cap Rate 9%
$146,500
Alternative Uses
Best Use
Retail
$188.4K
$164.8K – $219.8K
NOI $13,185 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$255.5K
$223.5K – $298.1K
NOI $17,883 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Groceries 25%
Dining 5%
Dollar Tree
Shops & Services
10,691 visits/mo
0.3 miles
Jerry's Supermarket IGA
Groceries
9,410 visits/mo
0.4 miles
Shell
Shops & Services
8,674 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
6,849 visits/mo
0.4 miles
D'Angelo Grilled Sandwiches
Dining
1,835 visits/mo
0.1 miles
Demographics for 02893, RI
31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Existing shoe and leather repair operation with separate entry points and flexible occupancy options, subject to zoning requirements.
Where is this storefront property located?
The property is located at 100 Archambault Avenue West Warwick, RI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Approximately 1,020 SF commercial building on approximately 5,053 SF of land; Currently operating as a shoe and leather repair business; Two entry doors and an interior wall provide a divisible layout
