99 Natick Rd Warwick, RI 02886
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High-traffic location, strong NOI
Property size:
7,400 SFProperty Features for 99 Natick Rd
General Information
- Property type
- Individual retail properties
- Square Feet
- 7,400 SF
- Lot Size
- 16,988 SF
Building Details
- Stories
- 2
- Units
- 7
Listing Agency: Keller Williams Realty NRI Listing Agent: Pete Dufresne
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional redevelopment opportunity in Warwick, RI, presents a prime 0.39-acre site (16,988 sq ft) encompassing four abutting lots. Currently operating at 100% occupancy with a strong NOI of $86,434 and a 5.24% cap rate, the property offers immediate income potential. The existing 7-unit, two-story, 7,400 sq ft building is zoned GB and situated at a signaled intersection, sharing an entrance with the Warwick Mall and located adjacent to Cumberland Farms. This high-visibility location benefits from exceptional access and significant traffic generated by the nearby 1,000,000 sq ft Warwick Mall, featuring major national retailers like Macy's, Nordstrom Rack, and Target. The property's strategic location at the convergence of major thoroughfares, including Interstate 295 & 95, Route 2 (Bald Hill Road), and Route 5, ensures unparalleled exposure. The asking price is $1,650,000. This presents a unique chance to capitalize on a thriving retail market or redevelop into a long-term asset. The property's current configuration includes commercial, QSR/fast food, and storefront uses.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.477854223738
- Latitude
- 41.727536271598
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FAQs
What type of property is this?
Individual retail property - High-traffic location, strong NOI
Where is this individual retail property located?
The property is located at 99 Natick Rd Warwick, RI.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: $1,650,000 asking price for a redevelopment opportunity.; 7,400 square feet on a 0.39-acre lot in Warwick, RI.; 5.24% cap rate with a $86,434 NOI and 100% occupancy.
