1 Ferreira Ct West Warwick, RI 02893
This exceptional 24,829 square foot commercial and residential land parcel, located at 1 Ferreira Court in West Warwick, Rhode Island, presents a unique investment opportunity. The property boasts two existing buildings constructed in 1989, offering significant potential for redevelopment or continued operation as a rental property. Currently configured for rental use, the property features ample private parking and storage, a significant advantage for tenants. The quiet, safe neighborhood provides a desirable living environment, enhancing the property's appeal. The asking price is $990,000. The property's zoning allows for both commercial and residential uses, providing flexibility for future development plans. With a total lot size of 24,829 square feet, the property offers considerable space for expansion or modification. The existing buildings provide immediate income potential, while the substantial lot size allows for future growth and development. Situated in Kent County, Rhode Island, with a zip code of 02893, this property benefits from a convenient location within West Warwick. The property's existing rental units are currently occupied by long-term tenants, providing a stable income stream. This presents a compelling opportunity for investors seeking a blend of immediate return and long-term growth potential. The property's size and location make it an attractive proposition for a variety of commercial and residential ventures.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.