51 Cole St 1R Warren, RI 02885
For Lease
1 / 12
This exceptional commercial property, located at 51 Cole Street UNIT 1R in Warren, Rhode Island, presents a unique investment opportunity. The 18,731 square foot lot houses a two-story, 1950-built building offering versatile space ideal for a variety of uses. The first floor is particularly well-suited for businesses such as churches, offices, retail establishments, dog grooming services, or medical/therapy practices. The property boasts a convenient outdoor deck, ample parking, a private entrance, and private offices, ensuring both convenience and privacy for tenants. Internal features include a full kitchen, a laundry facility complete with washer and dryer, a full bathroom, and expansive open space, providing flexibility for diverse business needs. Its prime location along the East Bay Bike Path and adjacent to the Warren Dog Park offers high visibility and accessibility. Furthermore, its proximity to downtown Warren provides easy access to local amenities and services. Additional garage space is available for lease. This property is a rare find, combining a desirable location with versatile space and attractive features. The asking price is $1,650 per month. Contact us today to schedule a viewing.
-
Rob's Custom Accessories Auto Repair Shop
-
Auto MD Auto Repair Shop
-
Your Bike Shop (Bike/Boat/Book/etc) Store
-
Toledo Auto-Spa Car Wash
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MF · Warren, RIWarren. 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.