Property summary
This exceptional commercial property, located at 2362-2372 West Shore Road in Warwick, Rhode Island (zip code 02889), presents a compelling investment opportunity. The property encompasses a single-story, 1968-built building situated on a substantial 28,749 square foot lot. Currently configured as a six-unit commercial building, five of the units are occupied by long-standing tenants, providing immediate rental income. Each unit features separate electrical and heating systems, simplifying management and facilitating triple-net lease structures. The property's high-visibility location on West Shore Road ensures excellent accessibility from both traffic lanes, benefiting from ample on-site parking with potential for expansion. The property's strategic location across from Warwick Vets Middle School, within a thriving residential neighborhood, and near other established businesses (including gas stations, restaurants, and retail shops), guarantees a consistent flow of potential customers. The sale includes an additional lot, offering significant potential for future expansion or development. This presents a rare chance to acquire a stable, income-generating asset with substantial growth potential in a desirable Warwick location. The property's diverse zoning allows for various commercial uses, including retail, entertainment, and flex space, catering to a wide range of business types. This turnkey investment offers a unique blend of immediate return and long-term growth prospects.
Property profile
VerifiedCap rate & NOI
Current use
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Tattoo & Piercing Shop
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Locksmith
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Department Store
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Training Center
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Barber Shop
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
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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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.
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