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    616 Shore Rd Warwick, RI 02889

    Sponsored
    For Sale
    $649,900

    Warwick, RI Auto Shop - $649,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Warwick, RI commercial property, located at 616 West Shore Road, presents a unique investment opportunity. The 12,197 square foot lot features a single building constructed in 1964, ideally suited for an automotive dealership or similar commercial enterprise. The property boasts a spacious showroom, service bays for convenient on-site maintenance and repairs, and modern office space for administrative functions and client interactions. Its prime location on West Shore Road ensures high visibility and accessibility, benefiting from significant traffic flow and proximity to various amenities. This high-traffic area provides excellent exposure to potential customers, enhancing the overall business potential. The property's strategic location and ample facilities make it an attractive option for entrepreneurs seeking to establish or expand their automotive business. This turnkey operation offers immediate potential for revenue generation and growth within a thriving commercial district. The asking price is $649,900. The property is zoned for commercial use and is ready for immediate occupancy. This is a rare opportunity to acquire a well-established commercial property in a desirable location.

    Property Features for 616 Shore Rd

    General Information

    Property type
    Automotive properties

    Building Details

    Year Built
    1964
    Buildings
    1

    HighLights

    • 12,197 SF lot with a 1964 building in Warwick, RI, ideal for an automotive dealership.
    • Features a showroom, service bays, and modern office space.
    • High‑visibility location on West Shore Road with high traffic counts.
    • $649,900 asking price, commercially zoned, and ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Prime Cars USA ... Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.3864451
    Latitude
    41.7265619

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    FAQs

    What type of property is this?
    Automotive property - Warwick, RI Auto Shop - $649,900
    Where is this automotive property located?
    The property is located at 616 Shore Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: 12,197 SF lot with a 1964 building in Warwick, RI, ideal for an automotive dealership.; Features a showroom, service bays, and modern office space.; High-visibility location on West Shore Road with high traffic counts.
    Request Owner's contact information
    616 Shore Rd Warwick, RI 02889
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    Warwick, RI 02889
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 Shore Rd Warwick, RI 02889
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