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Two-Unit Retail Space
For Sale
$279,000

16 Freeborne Street, Warwick, RI 02889

Two vacant units in a strip center offer flexible space for retail, food service, or office use.

Property SizeContact for details
Days on Market179

Property Features for 16 Freeborne Street

General Information

Standard status Active
Total Parking Spaces 10
Property subtype Commercial
Lease Term []

Building Details

Year Built 1986
Tenancy Multi
Listing Agency: CYCAD REALTY,LLC
Listed By: Marong Tho · License #REB.0017253
Source: Teridegnan
Added: May 1 Changed: Oct 26 Last Checked: Oct 24 at 10:32PM

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 CYCAD REALTY,LLC

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Investment Insights

Based on property information with market context.

This retail property contains two currently vacant units within a strip center. The spaces are identified as suitable for retail, food service, or office use. The building was constructed in 1986.

The property has access to more than 30 parking spaces, including 10 assigned to the two units. Retailers in the surrounding area include Subway, Rite Aid, Burger King, TD Bank, and Dunkin’ Donuts.

Key Highlights

  • Two vacant retail units in a strip center
  • More than 30 parking spaces, with 10 assigned to the units
  • Nearby retailers include Subway, Rite Aid, Burger King, TD Bank, and Dunkin’ Donuts

Property Analytics

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Current Use

A Room to Groom Pet Grooming Service

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

326
Businesses Nearby
89k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 72% Shops & Services 21% Home Improvements & Furnishings 7%
Taco Bell Dining
17,603 visits/mo 0.0 miles
Dunkin' Donuts Dining
17,265 visits/mo 0.2 miles
Burger King Dining
14,329 visits/mo 0.1 miles
Starbucks Dining
9,610 visits/mo 0.1 miles
TD Bank Shops & Services
8,902 visits/mo 0.1 miles

Demographics for 02889, RI

28,277
Population
11,947
Households
2.4
Avg Household Size
44
Median Age
26%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
3,327
Density / Sq Mi
$85,617
Median Household Income
$50,988
Median Earnings
$1,216
Median Rent
$299,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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

Frequently Asked Questions

What type of property is this?
Retail space - Two vacant units in a strip center offer flexible space for retail, food service, or office use.
Where is this retail space located?
The property is located at 16 Freeborne Street Warwick, RI.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two vacant retail units in a strip center; More than 30 parking spaces, with 10 assigned to the units; Nearby retailers include Subway, Rite Aid, Burger King, TD Bank, and Dunkin’ Donuts
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