1237 Main St West Warwick, RI 02893-4861

Property Details for 1237 Main St

Year built

1949

Construction

FRAME

Lot size

0.25 lot acres

Property size

15,616 SF

Zone code

B

Property type

Showrooms

APN

WWAR 005-0015-0-000

APU

WWAR00500150000

Description

This exceptional commercial property, located at 1237 Main Street in West Warwick, Rhode Island, presents a unique investment opportunity. The 23,000 square foot building, constructed in 1949, boasts a prime location with Main Street frontage in the Arctic Design Control District (ADCD). Currently, a national tenant, Rent-A-Center, occupies approximately 6,000 square feet, generating $52,800 in annual gross rental income. The remaining 17,000 square feet of net rentable space is available for lease, offering significant potential for increased revenue. This space is distributed across the lower level, first floor, and second floor. The property sits on a 0.26-acre lot and includes convenient on-site rear parking. Its high visibility and established tenant base make this a compelling investment in a thriving Rhode Island market. The property is classified as Class C and zoned for commercial use within the ADCD. This presents a rare chance to acquire a well-situated, income-producing property with substantial upside potential. The asking price for this remarkable opportunity is $685,000. Detailed financial information is available upon request.

Location Insight

City

West Warwick

County

Kent

State

Rhode Island

Longitude

-71.5245

Latitude

41.7047

CBSA code

39300

CBSA name

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

Property Tax & Assessments