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    890 Centerville Rd Warwick, RI 02886

    For Sale
    $350,000

    1,448 SF Office, High Traffic Location

    Property size:
    1,448 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property, located at 890 Centerville Road in Warwick, Rhode Island, presents a fantastic investment opportunity. The building offers 1,448 square feet of office space situated on a 0.56-acre lot. Its prime location along Centerville Road places it within a thriving commercial corridor, benefiting from high traffic volume—an estimated 26,825 vehicles daily. The property's proximity to Centerville Commons Office Park further enhances its visibility and accessibility. Conveniently located along a bus line, this property offers excellent employee and client accessibility. The estimated annual property taxes are $5,700.97. A significant advantage is its proximity to major transportation arteries, with Interstate 95 only one mile away, ensuring easy access for commuters and clients. This property is ideal for a variety of commercial uses and represents a strong value proposition in a desirable location. The size and location make it suitable for a range of businesses seeking a well-situated office space in a high-traffic area. The 0.56-acre lot offers potential for future expansion or development. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Warwick business district.

    Property Features for 890 Centerville Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,448 SF

    Building Details

    Year Built
    1958
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anchor Recovery II Addiction Treatment Center Drug and Alcohol Rehab ... Alcoholism Treatment Program

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.49269
    Latitude
    41.69665

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    FAQs

    What type of property is this?
    Commercial real estate - 1,448 SF Office, High Traffic Location
    Where is this commercial real estate located?
    The property is located at 890 Centerville Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $350,000.
    (401) 331-9300
    Request Owner's contact information
    890 Centerville Rd Warwick, RI 02886
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    Warwick, RI 02886
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    890 Centerville Rd Warwick, RI 02886
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