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628 Metacom Ave Warren, RI 02885

Sponsored
For Sale
$2,400,000

High-Traffic Retail Investment Opportunity

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional Warren, Rhode Island commercial property, located on the highly traveled Route 136 northbound side of Metacom Avenue, presents a compelling investment opportunity. The property encompasses a substantial 52,097.76 square foot lot and features two buildings, each two stories high, constructed in 1985. The main structure offers nearly 12,000 square feet of versatile space currently housing 13 of 14 numbered units occupied by eight thriving retail businesses. Ample parking is provided with 60 spaces for tenants and customers. Each unit is equipped with individual gas and electric HVAC systems. A full basement provides an additional 2,800 square feet of income-generating rental space. Further income potential exists via additional office space on the second floor. The property boasts a 5.25% cap rate and is listed at $2,400,000. Its prime location ensures high visibility and strong tenant occupancy, making it ideal for an anchor tenant seeking maximum exposure or an investor looking for a stable, high-return asset. This unique opportunity combines established retail income with significant expansion potential. The property's size, location, and existing tenant base offer a compelling investment proposition.

Property Features for 628 Metacom Ave

General Information

Property type
Automotive properties

Building Details

Year Built
1985
Buildings
2
Stories
2
Units
1

HighLights

  • High‑visibility Warren, RI commercial property on Route 136.
  • 52,097.76 sq ft lot with two 2‑story, 1985‑built buildings totaling nearly 12,000 sq ft.
  • 13 of 14 units occupied by 8 retail businesses; 60 parking spaces.
  • Individual gas/electric HVAC in each unit; 2,800 sq ft basement plus additional 2nd‑floor office space available.
  • 5.25% cap rate; $2,400,000 listing price.
Property Profile Location Intelligence

Current Use by Public Records

Tap Printing Inc. Print Shop New England Computers Computer Store Advance America Loan Agency Ink Munkee Apparel Screen Printer Sam's Cleaners Dry Cleaner

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
Warren
County
Bristol
State
Rhode Island
Longitude
-71.2681459
Latitude
41.7180541

FAQs

What type of property is this?
Automotive property - High-Traffic Retail Investment Opportunity
Where is this automotive property located?
The property is located at 628 Metacom Ave Warren, RI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: High-visibility Warren, RI commercial property on Route 136.; 52,097.76 sq ft lot with two 2-story, 1985-built buildings totaling nearly 12,000 sq ft.; 13 of 14 units occupied by 8 retail businesses; 60 parking spaces.
More about this property
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