Downtown Mixed-Use Retail
440 Main St Warren, RI 02885
440 Main St, Warren, RI, 02885
Contact for pricing
For Sale
Contact for pricing
Pending
Multi-unit property with updated life-safety systems and high 12' ceilings for retail or food and beverage visibility.
Days on Market103
Property Features for 440 Main St
General Information
- Standard status
- Pending
- Property subtype
- Retail, Mixed Use
Listing agency
Keller Williams Coastal - Warwick
(401) 524-3716
Listed by
Cliff Nulman · License #148625
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 4:29PM Checked: Jul 20 at 4:29PM
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
Location Intelligence
Current Use by Public Records
Galactic Theatre
Restaurant
Similar For Sale Nearby
FAQs
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.
