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Two-Story Office Condo Opportunity
For Sale
$599,900

5-33 College Hill Rd, Warwick, RI 02886

Two-story office condominium with remodeled main-level offices, second-floor general office space, and dedicated locked basement storage.

Property Size6,000 SF
Price / SF$99.98
Days on Market48

Property Features for 5-33 College Hill Rd

General Information

Standard status Active
Size 6,000 SF

Additional Details

Business Included Yes
Highway Access Yes

Taxes and HOA fees

Annual Taxes $15,248

Building Details

Stories 2
Tenancy Multi
Listing Agency: Abbott Properties, LLC
Listed By: Nathan Hood · License #RES.0045034
Source: Exprealty
Added: Jul 20 Changed: Aug 20 Last Checked: Sep 4 at 10:21AM

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 Abbott Properties, LLC

Investment Insights

Based on property information with market context.

This professional office condominium is offered on a for-sale basis as a two-story unit totaling approximately 6,040 SF. The main level features two remodeled offices (1,700 SF and 1,300 SF) that are currently leased to a medical doctor and a law office, providing ongoing rental income. The second level includes approximately 3,000 SF of general office space that can be occupied by the new owner or leased to generate additional income.

The unit also includes a full basement with dedicated locked storage for each tenant, along with updated mechanicals. The broader condominium complex supports a variety of professional uses including CPA, law, medical, insurance, and property management.

The seller is offering the property “As-Is.”

Key Highlights

  • Professional office condo totaling 6,040 SF across two floors plus a full basement for tenant storage
  • Main level includes two remodeled offices: 1,700 SF and 1,300 SF, currently leased (Medical Dr. and Law Office)
  • Second level offers 3,000 SF of general office space that can be owner‑occupied or leased for additional income

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Electrical Service Parking Lot & Garage Kitchen & Bath Showroom Storage Facility Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

678
Businesses Nearby

Demographics for 02886, RI

29,373
Population
13,669
Households
2.1
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
15.8 sq mi
ZIP Area
1,859
Density / Sq Mi
$91,037
Median Household Income
$52,851
Median Earnings
$1,300
Median Rent
$334,400
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Two-story office condominium with remodeled main-level offices, second-floor general office space, and dedicated locked basement storage.
Where is this office units located?
The property is located at 5-33 College Hill Rd Warwick, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Professional office condo totaling 6,040 SF across two floors plus a full basement for tenant storage; Main level includes two remodeled offices: 1,700 SF and 1,300 SF, currently leased (Medical Dr. and Law Office); Second level offers 3,000 SF of general office space that can be owner‑occupied or leased for additional income
More about this property
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