468 Warren Ave Warren Ave East Providence, RI 02914
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 high visibility due to its location near the Route 195 on/off ramp and Route 95. 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, child-care center, café, nursing home, or clinic (excluding veterinary clinics). The building features attractive hardwood floors, elegant woodwork, and recently replaced windows. The second floor, currently used for storage, offers potential for conversion into a rental apartment, subject to town approval. Exterior amenities include a two-car garage, a welcoming front porch, a wheelchair ramp, ample parking, and well-maintained landscaping. The property also benefits from gas heating and central air conditioning. This versatile property is perfect for entrepreneurs seeking a high-traffic location to establish or expand their business. The asking price is $449,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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