1131 Warwick AveWarwick, RI 02888

Property Details for 1131 Warwick Ave

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

4,193 SF

Zone code

GB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WARW M:300 B:0001 L:0000

APU

WARWM300B0001L0000

Description

This exceptional corner retail space, located on busy Warwick Avenue, offers 2,000 square feet of immediately available space in a single-story building. The property boasts excellent signage opportunities due to its high-traffic corner location and a traffic light directly at the intersection. The building totals 4,192 square feet and is comprised of two suites, with one currently vacant and ready for immediate occupancy. The available space is ideal for a cafe or similar retail use, given its size and location. Ample parking is provided with 25 spaces available for customers and employees. The lease rate is $16 per square foot, NNN. The neighboring tenant is a well-established tattoo parlor, offering potential synergy and foot traffic. This is a rare opportunity to secure a high-visibility retail space in a desirable location with excellent accessibility and parking. The building's single-story design provides easy access and efficient use of space. The maximum contiguous space available is 2,000 square feet, making it perfect for a variety of retail concepts. Don't miss this chance to establish your business in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,019,045

  6.5%

  $940,657

  7%

  $873,467

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,380,601

  Geo Method

  $1,380,601

• Alternative Use

  Use

  Valuation

  Residential

  $793,480

  Hospitality

  $726,823

  Educational

  $604,708

  Medical

  $625,505

  Retail

  $940,657

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7454

Longitude

-71.4068

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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