1013 Main St, West Warwick, RI 02893-3661
This exceptional mixed-use property at 1013 Main Street, West Warwick, RI 02893, presents a lucrative investment opportunity. The 2,212 square foot building, constructed in 1900, sits on a 1,742 square foot corner lot, offering high visibility and excellent street presence. The property features two units: an upper unit currently leased for $1,450 per month, with a reliable tenant consistently paying on time, and a ground-floor commercial space, presently operating as a restaurant. All restaurant equipment is described as state-of-the-art. The building is in great condition and represents a strong, established income stream. The location in West Warwick, within Kent County, is ideal for a variety of businesses, benefiting from high traffic and visibility. This turnkey operation offers immediate income potential and significant upside for a savvy investor. The asking price is $389,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. Don't miss out on this chance to own a piece of West Warwick's vibrant commercial landscape. The property is also listed as multi-family under MLS#1372304.
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Alex Pizza Restaurant
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Rufino's Pizzeria II Restaurant
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Ronzio Pizza & Subs Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B · West Warwick, RIWest Warwick. Always verify with local authorities before improvements.
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.