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1050 Warwick Ave Warwick Ave Warwick, RI 02888

Sponsored
For Sale
$849,900

Prime Warwick location, high-income potential.

Description

Added:
Dec 11, 2024
Days on Market:
391
Exceptional investment opportunity in Warwick, Rhode Island, featuring a 7,751 sq ft two-story medical office building situated on a 32,844 sq ft corner lot. This property boasts 90 feet of frontage on Warwick Avenue, with additional access from Waldron Avenue, providing excellent visibility and accessibility. The building currently houses several established physician specialists and medical testing labs, generating a monthly rental income of $9,900. Ample on-site parking accommodates 75 vehicles. The unfinished second floor offers approximately 2,200 sq ft of potential for expansion, or the entire building presents an opportunity for residential conversion. The property's strategic location offers convenient access to Interstate 95 and all major highways, with T.F. Green International Airport just 4 miles away and Providence 6 miles away. Built in 1980, this single-building property presents a unique blend of existing income and future development potential. The property is zoned for commercial, executive office, medical office, and garage/parking uses. This is a rare opportunity to acquire a well-located, income-producing asset with significant upside potential.

Property Features for 1050 Warwick Ave Warwick Ave

General Information

Property type
Automotive properties

Building Details

Year Built
1980
Buildings
1

Property Profile Location Intelligence

Current Use by Public Records

Medical offices

Map

City
Warwick
County
Kent
State
Rhode Island
Longitude
-71.4047129
Latitude
41.7474805

FAQs

What type of property is this?
Automotive property - Prime Warwick location, high-income potential.
Where is this automotive property located?
The property is located at 1050 Warwick Ave Warwick Ave Warwick, RI.
What is the asking price?
The asking price for this property is $849,900.
More about this property
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