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Mixed-Use Investment Opportunity

971 Main Street, West Warwick, RI 02893

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For Sale

$850,000

Mixed-use building with residential and commercial units in Phenix.

Type:Commercial

HighLights

Highly visible location at a T‑intersection in the heart of Phenix.
Mixed‑use building with 5 currently leased residential units providing immediate income.
3 vacant commercial units offer significant potential for customization and increased revenue.
One commercial unit is plumbed and ready for a bar/restaurant build‑out.
Second commercial unit has a fully equipped kitchen, ideal for a take‑out restaurant.
Seller will consider financing.

We can help!

Listing Contact

Bryan Chase

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For Sale

$850,000

Mixed-use building with residential and commercial units in Phenix.

Type:Commercial

Added:: Oct 31, 2024
Days on Market:: 593
Last Refresh:: Apr 25 at 6:32 am

Property Features for 971 Main Street

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1970

We can help!

Listing Contact

Bryan Chase

Listing agent Bryan Chase

Listing office RE/MAX Revolution

Listing date Oct 31, 2024

Source Liongatere

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Revolution

HighLights

Highly visible location at a T‑intersection in the heart of Phenix.
Mixed‑use building with 5 currently leased residential units providing immediate income.
3 vacant commercial units offer significant potential for customization and increased revenue.
One commercial unit is plumbed and ready for a bar/restaurant build‑out.
Second commercial unit has a fully equipped kitchen, ideal for a take‑out restaurant.
Seller will consider financing.

Overview

This mixed-use building, known as the Flanagan Building, presents an investment opportunity in the heart of Phenix. The property features five currently leased residential units, including three 2-bedroom units and two 1-bedroom units, each equipped with its own water tank and furnace. Additionally, there are three vacant commercial units awaiting customization to suit new businesses. The first commercial unit, previously a bar for 30 years, has been gutted and is plumbed for two restrooms and a kitchenette. The second, middle unit contains a fully equipped kitchen, suitable for a take-out restaurant or to augment the adjacent unit, which could be built out as a pub or tavern. The third unit is move-in ready. The property includes parking lots that exceed commercial and residential needs. The seller seeks an entrepreneurial buyer with vision to realize its true value. The property is being sold AS-IS and at ASKING PRICE. Seller Will Consider Financing.

Location Intelligence

Current Use by Public Records

Storefront properties

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Location Insight

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Local Demand

City: West Warwick
County: Kent
State: Rhode Island
Longitude: -71.5241575
Latitude: 41.7156242

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For sale
Mixed-use properties
RI
West Warwick
02893
971 Main Street

What type of property is this?

Mixed-use property - Mixed-use building with residential and commercial units in Phenix.

Where is this mixed-use property located?

The property is located at 971 Main Street West Warwick, RI.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Highly visible location at a T‑intersection in the heart of Phenix.; Mixed‑use building with 5 currently leased residential units providing immediate income.; 3 vacant commercial units offer significant potential for customization and increased revenue.