188 Airport Rd Rd Warwick, RI 02889
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.
-
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
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.