2570 Warwick AveWarwick, RI 02889

Property Details for 2570 Warwick Ave

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.31 AC

Property size (Sq ft)

3,236 SF

Zone code

GB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WARW M:351 B:0266 L:0000

APU

WARWM351B0266L0000

Description

This exceptional owner-user opportunity presents a well-established auto repair shop located at 2570 Warwick Avenue in Warwick, Rhode Island. The property boasts a substantial 6,036 square foot building situated on a 0.55-acre lot, offering ample space for operations and future expansion. The building features six drive-in bays, facilitating efficient workflow, and 14-foot ceilings providing generous overhead clearance. Approximately 1,480 square feet is dedicated to office space, ensuring comfortable administrative functions. The property is zoned for General Business use, providing flexibility for potential future adaptations. Its strategic location offers excellent visibility and accessibility, with convenient proximity to major roadways, including I-95 and I-295 (approximately 10 minutes away). Nearby businesses include Meadowbrook Lanes, Bishop Hendricken High School, and a Family Dollar, indicating a strong local commercial presence. The asking price is $995,000, translating to $164.84 per square foot. This single-story building presents a rare opportunity to acquire a thriving business in a prime location. The property's size, features, and location make it an ideal investment for an established auto repair business or a savvy entrepreneur looking to enter the market. This is a turnkey operation ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $786,461

  6.5%

  $725,964

  7%

  $674,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,065,496

  Geo Method

  $1,065,496

• Alternative Use

  Use

  Valuation

  Residential

  $612,378

  Hospitality

  $560,935

  Educational

  $466,691

  Medical

  $482,741

  Retail

  $725,964

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7076

Longitude

-71.3967

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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