1189 Main StWest Warwick, RI 02893

Property Details for 1189 Main St

Lot size

0.16 AC

Zone code

B

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

WWAR 005-0022-0-000

APU

WWAR00500220000

Description

This exceptional 1-unit office space, located at 1189 Main Street in West Warwick, Rhode Island, presents a fantastic opportunity for businesses seeking a convenient and affordable location. Built in 1910, this traditional office space also functions well as a storefront or executive office, offering a versatile layout ideal for a variety of uses. The property boasts a generous 6,970 square foot lot and features a private entrance, adding to its appeal and exclusivity. Recently updated with fresh paint, the space is move-in ready and offers a comfortable and professional environment. Its prime location on Main Street ensures high visibility and accessibility, making it an excellent choice for businesses seeking maximum exposure. The building itself is a single structure, providing a sense of privacy and control. A significant advantage is the inclusion of heat in the asking price of $650, representing a considerable cost saving for tenants. This property is perfect for entrepreneurs, small businesses, or individuals needing a dedicated workspace outside of their home. The property's versatility and attractive features make it a highly desirable option in a bustling commercial area. Don't miss this chance to secure a well-priced and conveniently located office space in West Warwick.

• CAP approach

  CAP return

  Valuation

  6%

  $1,152,349

  6.5%

  $1,063,707

  7%

  $987,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $910,700

  Geo Method

  $910,700

• Alternative Use

  Use

  Valuation

  Residential

  $1,318,997

  Hospitality

  $1,208,194

  Educational

  $1,005,203

  Medical

  $1,039,774

  Retail

  $1,563,649

Location Insight

City

West Warwick

County

Kent

State

Rhode Island

Latitude

41.7063

Longitude

-71.5237

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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