2406 Post Rd Warwick, RI 02886
- Showrooms
- 1,307 SF
- 0.36 lot acres
Current Use by Public Records
- Auto Spa / Oil Change Service
Property Details for 2406 Post Rd
- Year built
- 1955
- Construction
- FRAME
- Lot size
- 0.36 lot acres
- Property size
- 1,307 SF
- Zone code
- GB
- Property type
- Showrooms
- APN
- WARW M:344 B:0158 L:0000
- APU
- WARWM344B0158L0000
Description
This well-maintained free-standing commercial building, situated on a 0.36-acre corner lot in Warwick, Rhode Island, presents a unique investment opportunity. Located near the Providence (PVD) airport in a high-traffic area, this property boasts excellent visibility and accessibility. The building previously housed a successful auto spa for over two decades, demonstrating its suitability for automotive-related businesses. The structure features two drive-through service bays, complete with a vehicle lift and service pit, enhancing operational efficiency. Additional interior space includes a utility area, ample storage, a comfortable waiting room, a functional office, and a restroom. All existing auto service equipment is included in the sale, providing a turnkey solution for a prospective buyer in the automotive industry. However, the property's versatile layout and prime location also lend themselves to a variety of other commercial uses. Ample parking is available, and the drive-through bays offer significant potential for various business models. The asking price for this exceptional property is $595,000. This is a rare opportunity to acquire a well-established commercial building in a highly desirable location with significant potential for growth and profitability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $615,000
- 6.5%
- $610,000
- 7%
- $640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $560,000
- Geo Method
- $535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $645,000
- Retail
- $550,000
- Mixed-Use
- $640,000
- Hospitality
- $620,000
- Educational
- $595,000
- Residential Income
- $695,000
- Energy
- $700,000
- Income-Based Land
- $615,000
- Food Service
- $625,000
Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.4441
- Latitude
- 41.7169
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
