1 Ferreira Ct West Warwick, RI 02893
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1 Ferreira Ct
- Year built
- 1989
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.5219457
- Latitude
- 41.6910084
