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    468 Warren Ave East Providence, RI 02914

    Sponsored
    For Sale
    $429,000

    Mixed-use building, high traffic area, $429,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 468 Warren Avenue in East Providence, Rhode Island, presents a unique investment opportunity. The 8,712 square foot lot houses a two-story, 1930-built building ideally situated on a corner lot with ample parking, a two-car garage, front porch, and wheelchair ramp. Its prime location offers high visibility, being situated on a main road near the Route 195 on/off ramp and Route 95, ensuring excellent accessibility. The building features beautiful hardwood floors, attractive woodwork, and replacement windows. The interior currently includes space suitable for multiple offices, while the second floor, currently used for storage, holds potential for conversion into a rental apartment (subject to town approval). The property is zoned C1 (Warren Avenue overlay district), allowing for diverse uses including, but not limited to, gallery, photo studio, yoga studio, laboratory, professional office, childcare center, café, nursing home, or clinic (excluding veterinary clinics). The property also benefits from gas heat and central air conditioning. This versatile property offers significant potential for a variety of commercial ventures. The asking price is $429,000. Don't miss this chance to acquire a well-located, adaptable commercial property in a thriving area.

    Property Features for 468 Warren Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1930
    Buildings
    1
    Stories
    2

    HighLights

    • $429,000 asking price.
    • Mixed‑use commercial land and building totaling 8,712 square feet.
    • Located at 468 Warren Avenue, East Providence, RI 02914, on a corner lot with high traffic and visibility near major highways.
    • 1930 construction, two‑story building with one building, two‑car garage, and ample parking.
    • Features hardwood floors, woodwork, replacement windows, gas heat, and central AC. Potential for additional rental income (subject to town approval).
    Property Profile Location Intelligence

    Current Use by Public Records

    J Gorman Adjusters ... Insurance Agency

    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
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3647215
    Latitude
    41.8127731

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    FAQs

    What type of property is this?
    Office Property / Space - Mixed-use building, high traffic area, $429,000
    Where is this office property / space located?
    The property is located at 468 Warren Ave East Providence, RI.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: $429,000 asking price.; Mixed-use commercial land and building totaling 8,712 square feet.; Located at 468 Warren Avenue, East Providence, RI 02914, on a corner lot with high traffic and visibility near major highways.
    Request Owner's contact information
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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
    468 Warren Ave East Providence, RI 02914
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