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    16 Freeborne St Warwick, RI 02889

    Sponsored
    For Sale
    $279,000

    Prime Retail/Office Space, Two Units

    Property size:
    1,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Warwick, RI commercial property presents a lucrative investment opportunity. Located at 16 Freeborne Street, 02889, this 1,260 square foot building sits on a 4,000 square foot lot and boasts two units, ideal for a variety of uses. Currently, one unit is occupied by a successful pet grooming business, providing immediate rental income. The second unit is available for lease or owner-occupancy. The property benefits from a high-traffic location within a bustling strip center, surrounded by established businesses including Subway, Rite Aid, Burger King, TD Bank, and Dunkin'. Ample parking is available with over 30 spaces, including 10 assigned to the two units. Built in 1986, this single-story building offers excellent visibility and accessibility, making it perfect for retail, food service, or office use. This property is a rare find, combining established income with significant growth potential. The property's prime location and versatile units make it an attractive investment for both seasoned investors and first-time buyers. Don't miss this chance to acquire a thriving commercial property in a highly desirable area.

    Property Features for 16 Freeborne St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,260 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • $279,000 asking price for a 1,260 sq ft commercial property.
    • Located at 16 Freeborne Street, Warwick, RI 02889, on a 4,000 sq ft lot.
    • Features two units, one currently leased to a pet grooming business.
    • Situated in a high‑traffic strip center with ample parking (over 30 spaces, 10 assigned to the two units), near Subway, Rite Aid, Burger King, TD Bank, and Dunkin'.
    • Suitable for retail, food service, or office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Room to Groom Pet Groomer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4157119
    Latitude
    41.7061018

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail/Office Space, Two Units
    Where is this individual retail property located?
    The property is located at 16 Freeborne St Warwick, RI.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: $279,000 asking price for a 1,260 sq ft commercial property.; Located at 16 Freeborne Street, Warwick, RI 02889, on a 4,000 sq ft lot.; Features two units, one currently leased to a pet grooming business.
    Request Owner's contact information
    16 Freeborne St Warwick, RI 02889
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    Warwick, RI 02889
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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
    16 Freeborne St Warwick, RI 02889
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