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Retail Storefront with Basement

103 Tillinghast Avenue, Warwick, RI 02886

For Sale
$465,000

A7-zoned retail building with established corridor exposure, on-site parking, and a full basement for additional utility.

Property Size3,986 SF
Price / SF$116.66
Days on Market51

Property Features for 103 Tillinghast Avenue

General Information

Standard status Active
Size 3,986 SF
Total Parking Spaces 6
Property subtype Commercial
Zoning A7

Additional Details

Highway Access Yes

Building Details

Year Built 1894
Buildings 1
Listing Agency: William Raveis Inspire
Listed By: John Marsella · License #41332
Source: Lavonnelopes
Added: Sep 19 Changed: Oct 26 Last Checked: Nov 6 at 5:42AM

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 William Raveis Inspire

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Investment Insights

Based on property information with market context.

This retail storefront at 103 Tillinghast Avenue offers an established commercial building with a full basement featuring 7-foot ceilings and a cement floor, along with a small private room on the second floor. The property includes 6 on-site parking spaces and is approved by the City of Warwick for retail use under A7 zoning. Building systems include 200-amp electrical service, oil heat with forced/blown air distribution, newer copper piping and PVC drains, and an operational fire alarm panel.

The property occupies a retail shopping strip along Route 2, with visibility from a corridor described as carrying thousands of vehicles daily. Access to I-95 and I-295, as well as the region’s major shopping malls, is noted from the site. Capital improvements include a roof replacement in 2019, parking lot repaving in 2023, and blown-in insulation installed in 2025. The 3,986-square-foot building was constructed in 1894, and the septic system was pumped in July 2026.

Key Highlights

  • 3,986‑square‑foot retail building constructed in 1894
  • A7 zoning with City of Warwick approval for retail use
  • Full basement with 7ft ceilings and cement floor

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
Under-served
Demand for This Use

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
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Market

Average Price Trend$/SF for Storefront properties in Warwick, RI

$144 Jul
$175 Aug
$160 Sep
$167 Oct

Properties on Market for Storefront properties in Warwick

Jul
Aug
Sep
Oct

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

Similar Off Market Nearby

  • Petals Florist Warwick RI ... Petals103.com — 103 Tillinghast Ave, Warwick, RI 02886

Frequently Asked Questions

What type of property is this?
Storefront property - A7-zoned retail building with established corridor exposure, on-site parking, and a full basement for additional utility.
Where is this storefront property 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 constructed in 1894; A7 zoning with City of Warwick approval for retail use; Full basement with 7ft ceilings and cement floor
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