1000 Bald Hill Rd Warwick, RI 02886
- Commercial real estate
- 66,780 SF
- 6.88 lot acres
Current Use by Public Records
- Laura Ortega / Dental Office
- smashburger / Restaurant
- Aspen Dental - Warwick, RI / Dental Office
- Lee Jung H DDS / Dental Office
- Lee David DDS / Dental Office
Property Details for 1000 Bald Hill Rd
- Year built
- 1987
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.88 lot acres
- Property size
- 66,780 SF
- Zone code
- GB
- Property type
- Commercial real estate
- APN
- WARW M:260 B:0032 L:0000
- APU
- WARWM260B0032L0000
Description
This exceptional 73,419 square foot shopping center is strategically located in Warwick, Rhode Island, at the heart of a prime retail corridor along Bald Hill Road (Route 2). Positioned at a signalized intersection, approximately a quarter-mile south of the Warwick Mall, this property boasts over 1.4 million annual visitors. The center features a strong tenant mix including established names such as Trader Joe's, Duluth Trading Company, Popeye's, Panera Bread, and Smashburger. Currently, there are three available suites, offering flexible space options ranging from a minimum of 2,477 square feet to a maximum contiguous space of 12,500 square feet. A total of 17,777 square feet is currently vacant, presenting a significant opportunity for expansion or new tenancy. Ample parking is provided, with a ratio of 4.5 spaces per 1,000 square feet of building area. This property is situated in Kent County and represents a compelling investment opportunity within a thriving retail environment. The available spaces are 2,477 SF, 2,800 SF, and 12,500 SF. This high-traffic location ensures excellent visibility and accessibility for businesses seeking a strong presence in this established retail area.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,750,000
- 6.5%
- $12,690,000
- 7%
- $11,785,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $11,473,000
Market price range: $4.29M - $13.6M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $15,860,000 Current use
- OFFICE BUILDING
- $13,280,000 Change: -16% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.4878
- Latitude
- 41.7122
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA