164 Airport Rd Warwick, RI 02889-1042
This exceptional 10,000 square foot commercial land parcel, located at 164 Airport Road in Warwick, Rhode Island, presents a unique investment opportunity. The property, which includes a single building constructed in 1974, is currently zoned for commercial use, having been transitioned from residential A-7 zoning in 1993. This versatile zoning history offers significant flexibility for potential buyers. The property could be utilized for continued commercial office use or, with the acquisition of the necessary building permits, could be redeveloped for residential purposes. The asking price for this strategically located property is $425,000. Situated in Kent County, Rhode Island, with a zip code of 02886, this 10,000 square foot lot provides ample space for a variety of development projects. Its convenient location and zoning flexibility make it an attractive prospect for investors seeking a property with diverse potential uses. The existing building offers the possibility of renovation or repurposing, adding further value to this already compelling investment. Detailed zoning information and building permits requirements are readily available through the appropriate municipal channels. This property is ready for its next chapter, offering a blend of established infrastructure and exciting future possibilities.
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FERREIRA COMPANY, LLC Business Management Consultant
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
Property description
Physical attributes from public recordsZoning & alternative use
A7 · Warwick, RIWarwick. Always verify with local authorities before improvements.
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.