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    2121 Elmwood Ave Warwick, RI 02888

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    For Sale
    $679,900

    Five-unit commercial building with warehouse, retail, and office spaces.

    Property size:
    7,500 SF
    Lot size:
    0.27 Acres

    Property Features for 2121 Elmwood Ave

    General Information

    Size
    7,500 SF
    Lot size
    0.27 Acres

    Source: Green Island Realty, Inc. Agent Feng Lei

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building on High-Traffic Route

    This is a five-unit commercial building situated on the high-traffic intersection of Route 1 and Elmwood Avenue. The property includes a large warehouse/retail space featuring one loading dock and a drive-in garage with 800 square feet. The warehouse/retail space is currently subdivided into two units, with an office area located on the second floor. The building also houses an established coffee/ice cream store with patio seating, a hair salon, and a music studio. The property is occupied by long-term tenants. The total property size is 7,500 square feet. The warehouse with the drive-in garage is available for lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    New England Audio ... Audio Visual Equipment Supplier The Daily Grind Coffee Shop You Are You Beauty Salon Hershey's Ice Cream ... Ice Cream Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4232674
    Latitude
    41.7496353

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    FAQs

    What type of property is this?
    Retail space - Five-unit commercial building with warehouse, retail, and office spaces.
    Where is this retail space located?
    The property is located at 2121 Elmwood Ave Warwick, RI.
    What is the asking price?
    The asking price for this property is $679,900.
    What are key features of this property?
    This property features: - High traffic location on Rt. 1 and Elmwood Ave.; - Solid 5-unit commercial building.; - Large warehouse/retail space with loading dock and drive-in garage (800 sqft).
    (401) 286-8898
    Request Owner's contact information
    2121 Elmwood Ave Warwick, RI 02888
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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
    2121 Elmwood Ave Warwick, RI 02888
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