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    1243 Main St West Warwick, RI 02893

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    For Sale
    $479,000

    Versatile commercial property on Main Street available for sale.

    Property size:
    4,570 SF
    Lot size:
    0.12 Acres

    Property Features for 1243 Main St

    General Information

    Size
    4,570 SF
    Lot size
    0.12 Acres

    Source: EXP Realty LLC Agent Stephanie L Gilezan

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

    Overview

    Main Street Retail Opportunity

    This commercial property, located on Main Street in a rapidly developing area, offers an opportunity for ownership or leasing. The 4,570-square-foot building can be divided into two units, with the front unit accessible from Main Street and the rear unit accessible from Archambeault Ave, which includes a designated parking lot. The location benefits from high visibility and heavy foot traffic, making it suitable for one or two retail businesses. Recent updates include a new roof, four mini splits with A/C and heat pumps, a new storefront, a rehabbed rear of the building, a newly paved asphalt rear driveway, and modern LED lighting and electrical upgrades. The property also features two oil heating units, one at each end of the building, and two separate bathrooms. This property offers visibility, accessibility, and modern updates.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5243535
    Latitude
    41.7046031

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial property on Main Street available for sale.
    Where is this retail space located?
    The property is located at 1243 Main St West Warwick, RI.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: - High visibility location on Main Street with heavy foot traffic.; - Divisible into two units with separate entrances and parking.; - Recent updates including a new roof, storefront, and LED lighting.
    (502) 817-6484
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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
    1243 Main St West Warwick, RI 02893
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