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Property profile & analytics

188 Airport Rd Rd Warwick, RI 02889

  • Retail properties
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Isalis / (Bike/Boat/Book/etc) Store
  • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
  • Skunk Funk / Big Box & Wholesale Store
  • Carl's Trading Co / Hat Shop
  • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

Property Details for 188 Airport Rd Rd

Year built
1947
Property type
Retail properties
Property subtype
Office Properties & Spaces

Description

This exceptional Warwick, Rhode Island mixed-use property presents a unique investment opportunity. Situated on a 12,197 sq ft lot at the corner of Airport Road and Unity Court, this property comprises two buildings totaling 2 units. The first is a charming 1947-built, two-story residential building featuring two bedrooms, two and a half bathrooms, and a finished basement. The main level boasts a living area with fireplace, dining room, kitchen, and bathroom, while the upper level houses the bedrooms and a full bath. A lower-level living area includes a fireplace and a full bathroom with a sauna. Amenities include central air conditioning, a two-car garage, and hardwood floors throughout. Attached, but separately accessed, is a 2,560 sq ft office building, offering three distinct office units. The second floor comprises a single 1,280 sq ft unit with a conference room, private offices, and bathrooms. The ground floor is divided into two 640 sq ft units. The property's prime location and versatile configuration offer potential for continued mixed-use operation or conversion of the office space into additional residential units. Asking price is $889,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Warwick
County
Kent
State
Rhode Island
Longitude
-71.414
Latitude
41.733
More about this property
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