2329 Post RdWarwick, RI 02886

  • Other commercial real estate
  • 9,942 SF
For Sale

Property Details for 2329 Post Rd

Year built
1956
Construction
STEEL FRAME
Lot size
0.54 AC
Property size (Sq ft)
9,942 SF
Zone code
GB
Property type
Other commercial real estate
Property subtype
Showrooms
APN
WARW M:344 B:0075 L:0000
APU
WARWM344B0075L0000

Description

This exceptional retail property, located at 2329 Post Road in Warwick, Rhode Island, offers a substantial 9,000-9,942 square feet of space on a 0.54-acre lot. Its strategic location directly across from T.F. Green Airport ensures high visibility and significant daily traffic volume, benefiting from excellent access to major roadways. The building currently features a retail showroom, office space, and a three-bay garage, providing versatile options for a variety of businesses. The property boasts a 15-foot ceiling height and 10 dock-high doors, enhancing functionality and operational efficiency. This multi-tenant building is available under a gross lease agreement, making it an attractive investment opportunity for businesses seeking a prominent location with strong traffic counts and excellent visibility. The property's zoning allows for convenience store, quick-service restaurant (QSR), and storefront uses. This location offers a unique blend of high traffic volume, convenient highway access, and proximity to a major airport, making it an ideal choice for businesses seeking a high-impact presence in a thriving market. The property is situated in Kent County, Rhode Island, with a zip code of 02886.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,416,253
    6.5%
    $2,230,388
    7%
    $2,071,074
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,273,535
    Geo Method
    $3,273,535
  • Alternative Use

    Use
    Valuation
    Residential
    $1,881,415
    Hospitality
    $1,723,366
    Educational
    $1,433,820
    Medical
    $1,483,132
    Retail
    $2,230,388
2329 Post Rd, Warwick, Rhode Island
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Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.7189
Longitude
-71.4437
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,097
$176,600
$431,400
$608,000
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