627 Warwick Ave Warwick, RI 02888
- Showrooms
- 4,580 SF
- 0.77 lot acres
Current Use by Public Records
- Skate For Joy / Ice Skating Instructor / Ice Skating Rink
- C & L Builders Inc / Construction Company
Property Details for 627 Warwick Ave
- Year built
- 1981
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.77 lot acres
- Property size
- 4,580 SF
- Zone code
- GB
- Property type
- Showrooms
- APN
- WARW M:293 B:0015 L:0000
- APU
- WARWM293B0015L0000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,155,000
- 6.5%
- $1,080,000
- 7%
- $1,100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,205,000
- Geo Method
- $955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,100,000
- Retail
- $990,000
- Mixed-Use
- $1,295,000
- Hospitality
- $1,005,000
- Educational
- $1,120,000
- Residential Income
- $1,290,000
- Energy
- $980,000
- Income-Based Land
- $1,155,000
- Food Service
- $945,000
Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.4053
- Latitude
- 41.7587
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
