270 Post Rd Warwick, RI 02888-1518

This exceptional investment opportunity presents a fully approved 48-unit condominium complex situated on a generous 5.78-acre lot at 270 Post Road in Warwick, Rhode Island. Priced at $2,599,000, this solid brick building offers significant potential for a savvy developer. While requiring a complete interior build-out, the foundation is strong, with a recently installed roof (2020). The unit mix is well-diversified, including five studio units, five two-bedroom units, and thirty-eight one-bedroom units, catering to a broad range of potential residents. Detailed parking plans and layouts are readily available for review, providing a clear vision for the project's completion. This property represents a unique chance to capitalize on the strong demand for residential units in Warwick, transforming a solid structure into a thriving community. The substantial lot size offers ample space for future expansion or amenity additions, further enhancing the property's value and appeal. The approved plans streamline the development process, minimizing delays and maximizing return on investment. This is an exceptional opportunity for an investor seeking a high-yield project with significant upside potential. Don't miss this chance to acquire a prime piece of Warwick real estate.