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    982 Warwick Ave Warwick, RI 02888

    Sponsored
    For Sale
    $1,350,000

    54,000 SF Commercial Lot, RI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 54,000 square foot commercial land parcel presents a unique investment opportunity in Warwick, Rhode Island. Located at 982 Warwick Avenue, zip code 02888, this property boasts a significant lot size, ideal for a variety of commercial ventures. The land is zoned for commercial use and features a single building constructed in 1915. The property's history includes use as a funeral home, suggesting potential for similar businesses or adaptive reuse. Ample parking is available on-site, a significant advantage for businesses requiring substantial client or employee parking. The beautifully landscaped grounds add to the property's curb appeal and overall value. This property offers significant potential for redevelopment or continued use as a commercial establishment. The asking price is $1,350,000. Situated in Kent County, Rhode Island, this location offers convenient access to major roadways and local amenities. The property's size and location make it an attractive proposition for developers and investors seeking a substantial land holding in a desirable Rhode Island market. The single existing building provides a potential starting point for renovation or expansion projects. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering.

    Property Features for 982 Warwick Ave

    General Information

    Property type
    Land

    Building Details

    Year Built
    1915
    Buildings
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Frank P. Trainor ... Funeral Home

    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
    -71.4037328
    Latitude
    41.7490047

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    FAQs

    What type of property is this?
    Land - 54,000 SF Commercial Lot, RI
    Where is this land located?
    The property is located at 982 Warwick Ave Warwick, RI.
    What is the asking price?
    The asking price for this property is $1,350,000.
    (401) 921-5011
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    982 Warwick Ave Warwick, RI 02888
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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
    982 Warwick Ave Warwick, RI 02888
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