Property profile

16 Freeborne St Warwick, RI 02889

FOR SALE
Showrooms
Property ID
US76-0215688
1,260 SF 0.09 ac lot Built 1986
Individually Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property in Warwick, RI, presents a lucrative investment opportunity. Located in a thriving strip center at 16 Freeborne Street, this property boasts two versatile units totaling 0.09 acres. One unit is currently leased to a successful pet grooming business, generating immediate rental income. The second unit is available for lease or owner-occupancy, offering flexibility for a variety of uses. The property's prime location ensures high visibility and significant foot traffic, benefiting from its proximity to popular retailers including Subway, Rite Aid, Burger King, TD Bank, and Dunkin' Donuts. Ample parking is available with over 30 spaces, including 10 specifically assigned to the two units. The property is ideally suited for retail, food service, or office businesses seeking a high-traffic location with strong visibility. This is a rare opportunity to acquire a well-situated commercial property with existing income and significant growth potential. The property's strategic placement within a bustling commercial center guarantees a steady stream of potential customers and ensures a strong return on investment. Don't miss this chance to secure a prime commercial space in a highly desirable location. The asking price is $279,000.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1986
Construction FRAME
Total area 1,260 SF
Lot 0.09 ac (3,920 SF)
Zoning code GB
APN WARW M:349 B:0208 L:0000
UPID US76-0215688

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
  • Pet Grooming Service

Location

16 Freeborne St Warwick, RI 02889
Warwick metro Census 21800 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2017
1 recorded transaction
2017
$85,000

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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