2 Andrews Ave, West Warwick, RI 02893-5912
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.
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Pare Service Center Inc Auto Repair Shop
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
R-7. · West Warwick, RIWest Warwick. 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.