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    Investment properties

    2 Andrews Ave, West Warwick, RI 02893-5912

    0.36 ac lot
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US76-0161946
    Property summary
    AI-generated overview

    This exceptional West Warwick, RI investment opportunity encompasses a 15,900 square foot lot featuring two buildings. The main structure is a well-established auto body shop, boasting a reception area, office space, two bathrooms, and a four-plus bay garage complete with two mechanical lifts. This building has a proven track record of success. A separate single-family home, currently rented, provides additional income potential. This property presents a unique blend of commercial and residential uses, ideal for an investor seeking diverse revenue streams. Built in 1940, the property offers two units in total. The commercial zoning allows for a variety of potential uses, as detailed in the provided zoning use attachment. The asking price is $649,900. This is a rare chance to acquire a versatile property with established income and significant upside potential in a desirable Rhode Island location. The property's address is 2 Andrews Avenue, West Warwick, RI 02893. The lot size is 15,900 square feet. Serious inquiries only.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 0.36 ac (15,899 SF)
    Zoning code R-7.
    APN WWAR 007-0328-0-000
    UPID US76-0161946
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pare Service Center Inc Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Douglas J Pare · 1 yrs held
    Douglas J Pare
    since 2025
    2 recorded transactions
    2025
    2025
    $680,000
    Zoning & alternative use
    R-7. · West Warwick, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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