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Property profile & analytics
OFF-MARKET
Commercial land

1584 Warwick Ave Warwick, RI 02889-1526

0.4 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US76-0112877
Property summary
AI-generated overview

This exceptional investment opportunity presents a stabilized, multi-tenant retail property ideally situated at the Hoxie Four Corners intersection of Airport Road and Warwick Avenue (Route 117A) in Warwick, Rhode Island. The 1.52-acre lot encompasses two buildings totaling 10,404 square feet. One building, a 4,404 square foot retail structure, features two units: a 1,252 square foot leased unit and a vacant 3,152 square foot restaurant space complete with a drive-thru. The second building is a 6,000 square foot auto service facility boasting six drive-in doors. The property benefits from high traffic volume (25,522 vehicles daily) and is zoned for General Business (GB), allowing for diverse uses. This established location enjoys proximity to prominent businesses such as Dave's Market, Walgreens, D'Angelos, and Starbucks. The property consists of three units across two single-story buildings, offering a compelling mix of existing income and significant redevelopment potential. This is a generational opportunity to acquire a well-positioned retail portfolio in a thriving Rhode Island market.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.4 ac (17,424 SF)
Zoning code GB
APN WARW M:319 B:0001 L:0000
UPID US76-0112877
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
CDG PROPERTIES LLC
CDG PROPERTIES LLC
Zoning & alternative use
GB · Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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