Multi-Unit Commercial Property For
2291 West Shore Warwick, RI 02889
2291 West Shore, Warwick, RI, 02889
$400,000
Pending
For Sale
$400,000
Pending
Versatile commercial property with three units and ample parking.
Property Size2,684 SF
Days on Market295
Property Features for 2291 West Shore
General Information
- Standard status
- Pending
- Size
- 2,684 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agency
WILLIAMS & STUART REAL ESTATE
(401) 942-0200
Listed by
GIANA VALELLI
Source
Corcoran
Added: Sep 30, 2025 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 5:22AM
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 WILLIAMS & STUART REAL ESTATE
Investment Insights
Based on property information with market context.
This multi-unit commercial property offers an opportunity suitable for various business ventures. The property features three units, each with a private bathroom and separate electric meters. Approximately 15 dedicated parking spaces provide parking for business owners and customers. An oversized garage space offers potential for additional rental income or secure storage. The property is located near Oakland Beach and Warwick Neck. It has a history of diverse uses, including a tattoo shop, locksmith, office space, and coffee shop. The property has a flexible and adaptable layout. The property size is 2684 square feet.
Key Highlights
- Three well‑maintained units with flexible layout.
- Each unit has a private bathroom and separate electric meter.
- Approximately 15 dedicated parking spaces.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.9k | $21.96 |
| − Vacancy | −$5.9k | −$2.20 |
| EGI | $53.0k | $19.76 |
| − OpEx | −$19.9k | −$7.41 |
| NOI | $33.2k | $12.35 |
2,684 SF · lease $21.96/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$473.6K
$414.4K – $552.6K
NOI $33,154 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$672.2K
$588.2K – $784.3K
NOI $47,056 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile commercial property with three units and ample parking.
Where is this mixed-use property located?
The property is located at 2291 West Shore Warwick, RI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three well‑maintained units with flexible layout.; Each unit has a private bathroom and separate electric meter.; Approximately 15 dedicated parking spaces.
