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    164 Airport Rd Warwick, RI 02886

    Sponsored
    For Sale
    $425,000

    10,000 SF lot, Office/Residential Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,000 square foot commercial land parcel, located at 164 Airport Road in Warwick, Rhode Island, presents a unique investment opportunity. The property, which includes a single building constructed in 1974, is currently zoned for commercial use, having been transitioned from residential A-7 zoning in 1993. This versatile zoning history offers significant flexibility for potential buyers. The property could be utilized for continued commercial office use or, with the acquisition of the necessary building permits, could be redeveloped for residential purposes. The asking price for this strategically located property is $425,000. Situated in Kent County, Rhode Island, with a zip code of 02886, this 10,000 square foot lot provides ample space for a variety of development projects. Its convenient location and zoning flexibility make it an attractive prospect for investors seeking a property with diverse potential uses. The existing building offers the possibility of renovation or repurposing, adding further value to this already compelling investment. Detailed zoning information and building permits requirements are readily available through the appropriate municipal channels. This property is ready for its next chapter, offering a blend of established infrastructure and exciting future possibilities.

    Property Features for 164 Airport Rd

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1974
    Buildings
    1

    HighLights

    • $425,000 asking price.
    • 10,000 square foot lot.
    • Located at 164 Airport Road, Warwick, RI 02886.
    • 1974‑built, single building on the property.
    • Currently zoned for office use, previously residential (A‑7), and could be converted back to residential with necessary permits.
    Property Profile Location Intelligence

    Current Use by Public Records

    FERREIRA COMPANY, LLC Business Management Consultant

    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
    -71.4655565
    Latitude
    41.7034769

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    FAQs

    What type of property is this?
    Office Property / Space - 10,000 SF lot, Office/Residential Potential
    Where is this office property / space located?
    The property is located at 164 Airport Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price.; 10,000 square foot lot.; Located at 164 Airport Road, Warwick, RI 02886.
    Request Owner's contact information
    164 Airport Rd Warwick, RI 02886
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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
    164 Airport Rd Warwick, RI 02886
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