Property profile

245 Washington St West Warwick, RI 02893

OFF-MARKET
Showrooms
Property ID
US76-0136583
4,023 SF 0.19 ac lot Built 1920
Individually Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is located in West Warwick, Rhode Island on a highly visible corner lot with ample parking. It includes a commercial building with over 4,000 square feet, configured for bar, lounge, and billiard hall use. The space contains a full commercial kitchen, a walk-in refrigerator, and a sound system suitable for live music or a DJ setup. The building is served by public utilities including water, sewer, and gas, and is equipped with fire code compliance features. Noted exterior and recent improvements include a relatively new roof and additional updates. The property is zoned B - ADCD and previously operated as L.A Cafe, which included a full liquor license.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1920
Construction FRAME
Total area 4,023 SF
Lot 0.19 ac (8,098 SF)
Zoning code B
APN WWAR 006-0784-0-000
UPID US76-0136583

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

245 Washington St West Warwick, RI 02893-5910
West Warwick metro Census 20300 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
$538k
Blend (final) Blend
$370k

Owner & transaction history

since 2011
4 recorded transactions
2024
Price N/A
2011
$1
1999
$125,000
1994
$100,000

Zoning & alternative use

B · West Warwick, RI
Zoning description

(b) Signs which advertise an activity, business, product or service no longer produced or conducted on the premises upon which the sign is located. No such sign shall remain in place or on vacated premises for more than…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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