For Sale
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Property summary
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
VerifiedCap rate & NOI
Current use
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Pet Grooming Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Warwick market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GB · Warwick, RIA-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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in Warwick, RI.
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