Entity Owned Property summary
This exceptional 5,440-square-foot executive office building, located at 151 Centerville Road in Warwick, Rhode Island, presents a compelling investment opportunity. Constructed in 1983, this Class B property sits on a 0.664-acre lot and offers a versatile layout spread across two levels, ideal for a variety of business configurations. The building's modern and well-maintained interior provides a professional and efficient workspace. A significant advantage is the ample on-site parking available for employees and clients, ensuring convenience and accessibility. The property enjoys high visibility from Centerville Road, enhancing its appeal and accessibility. Its strategic location in Warwick, Kent County, provides easy access to major highways, facilitating seamless commutes for staff and clients alike. The asking price for this turnkey office building is $649,000. This property represents a rare opportunity to acquire a well-maintained, conveniently located executive office building in a thriving Rhode Island market. The 02886 zip code offers a strong business environment.
Property profile
VerifiedCap rate & NOI
Current use
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Civil Engineer Engineer
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Office district (O). Properties mapped in accordance with subsection 303 of this ordinance and used primarily for professional and personal service offices, and low intensity businesses, which generally serve as a transi…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
O · Warwick, RIOffice district (O). Properties mapped in accordance with subsection 303 of this ordinance and used primarily for professional and personal service offices, and low intensity businesses, which generally serve as a transi…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Office district (O). Properties mapped in accordance with subsection 303 of this ordinance and used primarily for professional and personal service offices, and low intensity businesses, which generally serve as a transi…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for O in Warwick, RI.
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