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    2121 Elmwood Ave Warwick, RI 02888

    Sponsored
    For Sale
    $799,000

    Five-unit commercial building, high-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a five-unit commercial building situated at 2121 Elmwood Avenue in Warwick, Rhode Island, zip code 02888. The property, built in 1989, sits on a substantial 12,632 square foot lot and encompasses a diverse range of commercial spaces. The building includes a large warehouse/retail space featuring a loading dock and an 800 square foot drive-in garage. The second floor offers office space currently subdivided into two units. The existing tenant mix provides a strong foundation for continued income generation, including an established coffee/ice cream shop with outdoor seating, a hair salon, and a video studio. All tenants are currently under long-term leases. The warehouse space with the drive-in garage is available for lease, presenting an additional revenue stream. This property offers a compelling blend of established income and future leasing potential, making it an attractive investment in a high-traffic area on Route 1 and Elmwood Avenue. The asking price for this multi-unit commercial property is $799,000. This is a turnkey opportunity for a savvy investor seeking a well-established and diverse commercial portfolio.

    Property Features for 2121 Elmwood Ave

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1989
    Buildings
    1
    Units
    5

    HighLights

    • Five‑unit commercial building at 2121 Elmwood Avenue, Warwick, RI 02888.
    • 12,632 sq ft lot, built in 1989.
    • Features warehouse/retail space with loading dock and 800 sq ft drive‑in garage.
    • Includes office space (two units).
    • Strong tenant mix with long‑term leases (coffee/ice cream shop, hair salon, video studio).
    • Warehouse space with drive‑in garage available for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    New England Audio ... Audio Visual Equipment Supplier The Daily Grind Coffee Shop You Are You Beauty Salon Hershey's Ice Cream ... Ice Cream Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4232833
    Latitude
    41.7496261

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    FAQs

    What type of property is this?
    Distribution property - Five-unit commercial building, high-traffic location.
    Where is this distribution property located?
    The property is located at 2121 Elmwood Ave Warwick, RI.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Five-unit commercial building at 2121 Elmwood Avenue, Warwick, RI 02888.; 12,632 sq ft lot, built in 1989.; Features warehouse/retail space with loading dock and 800 sq ft drive-in garage.
    Request Owner's contact information
    2121 Elmwood Ave Warwick, RI 02888
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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
    2121 Elmwood Ave Warwick, RI 02888
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