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    1278 Post Rd Warwick, RI 02888

    Sponsored
    For Sale
    $900,000

    Restaurant & Office Space, Warwick, RI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Warwick, Rhode Island property at 1278 Post Road offers a unique investment opportunity. The 16,553 square foot lot features a two-story building (1955 construction) with approximately 4,000 square feet of usable space, including a 2,000 square foot first floor and a 2,000 square foot full basement offering substantial storage. The property boasts 70 seating capacity and 28 parking spaces across a double lot. Its prime location in the Norwood area provides easy access to I-95 and I-295, and is conveniently located just five minutes from T.F. Green Airport. Previously operating as a Chinese restaurant since 1974 (with a liquor license), this versatile space is suitable for various commercial uses, including restaurant, retail, office, or even a combination. Recent improvements include a new roof and pavement (2023). The property is listed at $900,000. This is a rare chance to own a well-situated commercial property with significant potential in a thriving Rhode Island location.

    Property Features for 1278 Post Rd

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    China Sea Chinese Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4277927
    Latitude
    41.7448635

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    FAQs

    What type of property is this?
    Restaurant - Restaurant & Office Space, Warwick, RI
    Where is this restaurant located?
    The property is located at 1278 Post Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $900,000.
    Request Owner's contact information
    1278 Post Rd 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
    1278 Post Rd Warwick, RI 02888
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