104 Hay St West Warwick, RI 02893
- Commercial real estate
- 1.80 lot acres
Current Use by Public Records
- Imondi Foods / Wholesale Bakery
Property Details for 104 Hay St
- Lot size
- 1.80 lot acres
- Zone code
- CI
- Property type
- Commercial real estate
- APN
- WWAR 026-0017-0-000
- APU
- WWAR02600170000
Description
This exceptional 34,105-square-foot industrial property in West Warwick, Rhode Island, presents a unique investment opportunity for owner-users. Situated on a 1.798-acre lot, this single-tenant building boasts a versatile layout combining flex space, substantial cold storage, and office areas. The structure, built in 1950 and zoned CI (Commercial Industrial), features nine dock-high loading doors, facilitating efficient loading and unloading operations. The high ceilings, measuring 20 feet, provide ample vertical space for storage and operations. The cold storage component includes two freezers and three coolers, ideal for businesses requiring temperature-controlled environments. The property's strategic location offers convenient access to major transportation arteries, including I-295, I-95, T.F. Green Airport, Route 2, and Route 37, ensuring seamless logistics and distribution. This two-story building represents a rare combination of features and location, making it an attractive option for a variety of industrial and cold storage businesses. The asking price is $2,400,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $530,000
- 6.5%
- $535,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $510,000
- Retail
- $455,000
- Mixed-Use
- $485,000
- Hospitality
- $450,000
- Educational
- $470,000
- Residential Income
- $550,000
- Energy
- $535,000
- Income-Based Land
- $545,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- West Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.5156
- Latitude
- 41.7165
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA