468 Warren Ave, East Providence, RI 02914-3859
This exceptional mixed-use commercial property, located at 468 Warren Ave in East Providence, RI, presents a unique investment opportunity. Boasting 1,638 square feet on a sizable 8,712 square foot corner lot, this two-story building, constructed in 1930, offers versatile space ideal for a variety of businesses. The C1 zoning (Warren Avenue overlay district) permits uses including, but not limited to, galleries, photo studios, yoga studios, laboratories, professional offices, childcare centers, cafes, nursing homes, and clinics (excluding veterinary clinics). The property features beautiful hardwood floors, attractive woodwork, and replacement windows. The second floor, currently used for storage, holds potential for conversion into a rental apartment, subject to town approval. Exterior amenities include a two-car garage, a front porch, a wheelchair ramp, ample parking, and attractive landscaping. The building is equipped with gas heat and central air conditioning. Its prime location on Warren Avenue, near the Route 195 on/off ramp and Route 95, ensures high visibility and convenient access. The asking price is $429,000, translating to $261.90 per square foot. This property offers a compelling blend of historical charm and modern functionality, making it an attractive prospect for discerning investors and business owners.
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J Gorman Adjusters Inc Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C1 · East Providence, RIEast Providence. 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.