Property profile

1590 Post Rd Warwick, RI 02888

FOR SALE
Showrooms
Property ID
US76-0045124
14,950 SF 0.76 ac lot Built 1960
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Warwick, Rhode Island retail property, located at 1590 Post Road, offers 14,950 square feet of commercial storefront space. Currently, 13,000 square feet is available, divisible into units as small as 4,500 square feet, with a maximum contiguous space of 13,000 square feet. The property boasts significant frontage on Post Road, extending from Maryland Avenue to Massachusetts Avenue, encompassing a full city block. The space features abundant natural light thanks to its storefront design with extensive window lines. Parking is conveniently located in front of and along both sides of the building, with the potential for additional parking via conversion of an adjacent lot. The property includes a partial basement and a convenient overhead door for efficient deliveries. This location in Kent County offers excellent visibility and accessibility, making it an ideal opportunity for a variety of retail businesses. The property is situated in Warwick, RI, zip code 02888, and is easily accessible via Post Road.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,950 SF
Lot 0.76 ac (33,106 SF)
Zoning code GB
APN WARW M:310 B:0266 L:0000
UPID US76-0045124

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Spa & Massage Center Alternative Medicine Practice
  • Furniture & Home Goods Home Decor Store
  • Furniture & Home Goods Home Decor Store
  • Clothing & Fashion Store

Location

1590 Post Rd Warwick, RI 02888
Warwick metro Census 21100 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.49M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.74M
Blend (final) Blend
$1.41M

Owner & transaction history

since 2022
Last sale
$950,000
1 recorded transaction
2022
$950,000

Zoning & alternative use

GB · Warwick, RI
Zoning description

A-10, A-7, O, WB, GB, LI, GI. 200.108. Nightclub. A retail establishment that stays open late at night and provides food, beverages and entertainment, but shall not include adult entertainment. 200.109. Nonconformance. A…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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