1584 Warwick Ave Warwick, RI 02889-1526
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.
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Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB · Warwick, RIWarwick. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.