Downtown Mixed-Use Retail
For Sale
Contact for pricing
Pending
440 Main St, Warren, RI 02885
Multi-unit property with updated life-safety systems and high 12' ceilings for retail or food and beverage visibility.
Property SizeContact for details
Days on Market148
Property Features for 440 Main St
General Information
Standard status
Pending
Property subtype
Retail, Mixed Use
Site & Location
Traffic Count
25,600 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
8%
Clear Height
12 ft
Listing Agency:
Keller Williams Coastal - Warwick
Listed By:
Cliff Nulman · License #B16929
(401) 524-3716
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Sep 1 at 6:10AM
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 Keller Williams Coastal - Warwick
Investment Insights
Based on property information with market context.
This downtown mixed-use property includes residential units that have been totally renovated, along with an updated high-efficiency heating system, electric, and fire system. Units feature high 12' ceilings that provide an open interior feel and strong natural light, with window visibility that can support retail or food and beverage use.
The building is positioned on one of the most highly visible blocks in downtown Warren, with nearly 25,600 average daily traffic count, and close to local restaurants and coffee shops. Street parking and municipal lots across the street help accommodate visitors and patrons, and the property is located on a public transportation route to Providence and Newport.
The property is currently producing $81,180 with only one vacancy, and the last-vacancy rent is anticipated to bring gross income to $90,780 before upcoming increases.
The building is positioned on one of the most highly visible blocks in downtown Warren, with nearly 25,600 average daily traffic count, and close to local restaurants and coffee shops. Street parking and municipal lots across the street help accommodate visitors and patrons, and the property is located on a public transportation route to Providence and Newport.
The property is currently producing $81,180 with only one vacancy, and the last-vacancy rent is anticipated to bring gross income to $90,780 before upcoming increases.
Key Highlights
- Currently producing $81,180 income with only one vacancy; anticipated gross income $90,780 once the vacancy is rented (before upcoming increases).
- Nearly 8% CAP rate currently, with income projected to increase to $90,780 upon full occupancy.
- All residential units are totally renovated with updated high‑efficiency heating, electric, and fire/safety systems.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
25,600 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Cumberland Farms
Shops & Services
5,543 visits/mo
0.2 miles
Bank of America
Shops & Services
3,239 visits/mo
0.1 miles
Dunkin' Donuts
Dining
3,061 visits/mo
0.2 miles
Citizens Bank
Shops & Services
1,750 visits/mo
0.0 miles
Prime Storage
Shops & Services
264 visits/mo
0.4 miles
Demographics for 02885, RI
11,147
Population
5,546
Households
2
Avg Household Size
47
Median Age
36%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
1,798
Density / Sq Mi
$89,722
Median Household Income
$53,980
Median Earnings
$1,253
Median Rent
$363,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-unit property with updated life-safety systems and high 12' ceilings for retail or food and beverage visibility.
Where is this retail space located?
The property is located at 440 Main St Warren, RI.
What are key features of this property?
This property features: Currently producing $81,180 income with only one vacancy; anticipated gross income $90,780 once the vacancy is rented (before upcoming increases).; Nearly 8% CAP rate currently, with income projected to increase to $90,780 upon full occupancy.; All residential units are totally renovated with updated high‑efficiency heating, electric, and fire/safety systems.
