2103-2107 Warwick Ave Warwick, RI 02889

This exceptional retail investment opportunity presents the Warwick Avenue Plaza, a 8,581 square foot, multi-tenant property situated on a 0.48-acre lot at 2103-2107 Warwick Avenue in Warwick, Rhode Island. The property boasts 100% occupancy with four established tenants, including a liquor store, pizza restaurant, convenience store, and nail salon. Built in 1962, the two-building, single-story plaza offers significant upside potential through the lease-up of a vacant, detached flex building with a garage at the rear. Each tenant contributes to a strong net operating income (NOI) of $94,348, resulting in a 7.00% capitalization rate at an asking price of $1,347,824. Leases include scheduled rent bumps, minimizing landlord responsibilities and offering protection against rising costs. The property benefits from an outstanding location along Warwick Avenue (RI Route 117A), a primary commercial corridor with high visibility and excellent access. Its proximity to TF Green International Airport, residential neighborhoods, schools, municipal buildings, and national retailers ensures a robust customer base. Traffic counts exceed 25,300 vehicles daily at the nearby intersection. The strong demographics of the area, with over 60,700 people within a 3-mile radius and an average household income exceeding $116,600, further solidify this investment's appeal. The property is conveniently located near major roadways including RI Route 117, US Route 1, and Interstate 95. This fee-simple ownership opportunity offers a compelling combination of stable income, growth potential, and a prime location.