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    2362 Shr Rd West Shr Rd Warwick, RI 02889

    Sponsored
    For Sale
    $950,000

    Prime Warwick, RI investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 2362-2372 West Shore Road in Warwick, Rhode Island (zip code 02889), presents a compelling investment opportunity. The property encompasses a single-story, 1968-built building situated on a substantial 28,749 square foot lot. Currently configured as a six-unit commercial building, five of the units are occupied by long-standing tenants, providing immediate rental income. Each unit features separate electrical and heating systems, simplifying management and facilitating triple-net lease structures. The property's high-visibility location on West Shore Road ensures excellent accessibility from both traffic lanes, benefiting from ample on-site parking with potential for expansion. The property's strategic location across from Warwick Vets Middle School, within a thriving residential neighborhood, and near other established businesses (including gas stations, restaurants, and retail shops), guarantees a consistent flow of potential customers. The sale includes an additional lot, offering significant potential for future expansion or development. This presents a rare chance to acquire a stable, income-generating asset with substantial growth potential in a desirable Warwick location. The property's diverse zoning allows for various commercial uses, including retail, entertainment, and flex space, catering to a wide range of business types. This turnkey investment offers a unique blend of immediate return and long-term growth prospects.

    Property Features for 2362 Shr Rd West Shr Rd

    General Information

    Property type
    Amusement parks

    Building Details

    Year Built
    1968
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Exceptional investment opportunity: 6‑unit commercial building on a 28,749 sq ft lot in Warwick, RI (02889).
    • Single‑story, 1968‑built building with five occupied units providing immediate income.
    • Separate utilities (electric & heat) in each unit, ideal for triple‑net leases.
    • High‑visibility location on West Shore Road with ample parking.
    • Located across from Warwick Vets Middle School, near other businesses, and in a thriving residential area.
    • Includes an additional lot, offering expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jess Talbot Tattoos Tattoo Shop Jon's Locks inc Locksmith zaydah creations Store Evolve Academy of Dance Dance School West Shore Beauty ... Barber Shop

    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
    -71.4087212
    Latitude
    41.703081

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    FAQs

    What type of property is this?
    Amusement park - Prime Warwick, RI investment opportunity.
    Where is this amusement park located?
    The property is located at 2362 Shr Rd West Shr Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 6-unit commercial building on a 28,749 sq ft lot in Warwick, RI (02889).; Single-story, 1968-built building with five occupied units providing immediate income.; Separate utilities (electric & heat) in each unit, ideal for triple-net leases.
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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
    2362 Shr Rd West Shr Rd Warwick, RI 02889
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