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Retail Investment Opportunity in Warwick

1689 Warwick Avenue, Warwick, RI 02889

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For Sale

$399,900

Retail space with potential for multiple units and storage.

Type:Commercial

Property size:

2,400 SF

Price / SF:

$166/SF

HighLights

Retail investment opportunity in Hoxie Four Corners, Warwick.
Potential for owner‑occupancy or investment.
Easily divisible into 2 or 3 separate units.
Each potential unit has its own entrance, retail window, bathroom, and back door.
Great signage.
Additional 2400 sq ft of shared basement utility/storage space.

We can help!

Listing Contact

Jack Silberman

Learn more

For Sale

$399,900

Retail space with potential for multiple units and storage.

Type:Commercial

Property size:

2,400 SF

Price / SF:

$166/SF

Added:: Jan 6, 2026
Days on Market:: 157
Last Refresh:: Apr 25 at 6:25 am

Property Features for 1689 Warwick Avenue

General Information

Standard status: Active
Size: 2,400 SF
Property subtype: Commercial

Building Details

Year Built: 1959

We can help!

Listing Contact

Jack Silberman

Listing agent Jack Silberman

Listing office Blue Star Properties

Listing date Jan 6, 2026

Source Liongatere

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 Blue Star Properties

HighLights

Retail investment opportunity in Hoxie Four Corners, Warwick.
Potential for owner‑occupancy or investment.
Easily divisible into 2 or 3 separate units.
Each potential unit has its own entrance, retail window, bathroom, and back door.
Great signage.
Additional 2400 sq ft of shared basement utility/storage space.

Overview

This retail space in Warwick presents an investment opportunity. The property is currently 100 percent owner-occupied but could be divided into two or three units. Each potential unit could have its own entrance, retail window, bathroom, and back door. The property includes 2400 square feet of utility or storage space in the basement, which could be shared or subdivided.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$45.5k	$18.96
− Vacancy	−$1.2k	−$0.49
EGI	$44.3k	$18.47
− OpEx	−$13.3k	−$5.54
NOI	$31.0k	$12.93

2,400 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$443.2K

$387.8K – $517.1K (±1% cap)

NOI $31,025 @ 7.0% cap · market cap 7.76%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$601.1K

$526.0K – $701.3K (±1% cap)

NOI $42,077 @ 7.0% cap · market cap 10.52%

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

Location Intelligence

Current Use by Public Records

Lonergan Wallcovering & Paint (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Warwick
County: Kent
State: Rhode Island
Longitude: -71.406686
Latitude: 41.7303687

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For sale
Retail space
RI
Warwick
02889
1689 Warwick Avenue

What type of property is this?

Retail space - Retail space with potential for multiple units and storage.

Where is this retail space located?

The property is located at 1689 Warwick Avenue Warwick, RI.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Retail investment opportunity in Hoxie Four Corners, Warwick.; Potential for owner‑occupancy or investment.; Easily divisible into 2 or 3 separate units.