1342 Main St West Warwick, RI 02893
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1342 Main St
- Year built
- 1920
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a remarkable multi-family property situated on a substantial 11,761 square foot lot at 1342 Main Street, West Warwick, Rhode Island, 02893. The property comprises two buildings, each boasting three stories, and a total of four residential units. Constructed in 1920, this property offers significant potential for both immediate income generation and future development. The convenient location in downtown West Warwick provides easy access to major roadways, facilitating effortless commutes. Nearby amenities include a variety of shopping options, diverse restaurants, and readily available public transportation. Recreational opportunities abound with proximity to parks, a bike path, and the Bald Hill Road area. The asking price for this property is $700,000. This presents a rare chance to acquire a well-situated multi-family property in a thriving Rhode Island community. The property's size and location make it an attractive investment for both seasoned and aspiring real estate investors. The existing units offer immediate rental income potential, while the substantial lot size allows for potential expansion or redevelopment opportunities. This is a truly unique opportunity to own a piece of West Warwick's vibrant landscape.
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
- -71.5227838
- Latitude
- 41.70135
