1035 Post RdWarwick, RI 02888

Property Details for 1035 Post Rd

Year built

1984

Construction

FRAME

Lot size

0.31 AC

Property size (Sq ft)

3,822 SF

Zone code

O

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WARW M:295 B:0014 L:0000

APU

WARWM295B0014L0000

Description

This exceptional commercial property at 1035 Post Road in Warwick, Rhode Island, presents a unique investment opportunity. Situated on an 8,000 square foot lot, the single-story, 1984-built building offers approximately 4,000 square feet of adaptable office space. The interior boasts a thoughtfully designed layout featuring 15+ rooms, a central office area perfect for collaborative work, a dedicated conference room for meetings, a half kitchen for employee convenience, and two sizable storage units. Additional amenities include laundry and utility rooms, one full bathroom, and four half bathrooms. The property's versatility makes it suitable for a wide array of commercial uses, catering to entrepreneurs, small businesses, or investors seeking a strong, long-term return. Currently fully leased until July 2029, this property offers immediate income potential and a secure investment. The asking price is $450,000. Located in Kent County, Warwick, RI, zip code 02888, this property is conveniently situated for easy access to local amenities and transportation routes. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a desirable Rhode Island location.

• CAP approach

  CAP return

  Valuation

  6%

  $928,879

  6.5%

  $857,427

  7%

  $796,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,258,444

  Geo Method

  $1,258,444

• Alternative Use

  Use

  Valuation

  Residential

  $723,272

  Hospitality

  $662,513

  Educational

  $551,203

  Medical

  $570,160

  Retail

  $857,427

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7498

Longitude

-71.4211

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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