627 Warwick Ave Warwick, RI 02888-2678
For Lease
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Property summary
This exceptional Warwick, Rhode Island property offers a unique investment opportunity encompassing 33,541 square feet of land and two buildings totaling approximately 9,260 square feet. Built in 1981, the property features a main office building and a separate storage building, providing versatile space for a variety of uses. The office building, spanning 4,580 square feet, is divided into upper and lower levels. The upper level (2,564 sq ft) includes a common area with reception, kitchen, and guest bathroom, along with five individual office units; three smaller units and two larger units with private bathrooms. The lower level (2,016 sq ft) offers two large office units, each with its own private bathroom, and a shared guest bathroom. The separate storage building (4,680 sq ft) is comprised of three individual garage units, perfect for storage needs. The property's ample parking and versatile space make it ideal for a range of businesses, from professional offices (legal, medical, accounting) to workshops, clubs, organizations, or retail/supply storage. The asking price for this multi-use property is $10,000. Located at 627 Warwick Avenue, Warwick, RI 02888, this property presents a compelling opportunity in a desirable Kent County location.
Property profile
VerifiedCap rate & NOI
Current use
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Training Center
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Construction Company
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
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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
Derived from the Warwick market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property 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
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Zoning designation
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The district profile from the municipal source: what is on file for GB in Warwick, RI.
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