Property summary
This exceptional 2,410 square foot commercial building presents a remarkable investment opportunity in Warwick, RI. Situated on a 0.48-acre lot, this one-level, free-standing structure offers unparalleled versatility. Currently configured as a single office unit, the property's zoning (light industrial) allows for significant expansion and adaptation. The building's design readily accommodates up to three separate suites, providing flexibility for various business needs. Three independent heating units ensure efficient climate control throughout the space. Ample parking is provided by a large, paved lot, enhancing convenience for tenants and visitors. A key feature of this property is the inclusion of a 150-foot communication tower, offering substantial potential for supplemental income generation. Its strategic location near T.F. Green Airport and major highways ensures excellent accessibility and high visibility, making it an ideal choice for businesses seeking a prominent presence in the Warwick market. The property's adaptable layout, combined with its prime location and additional income stream, makes it a compelling investment opportunity with significant upside potential. The building is ready for immediate occupancy or can be customized to meet specific business requirements.
Property profile
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store Corporate Office
Location
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
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LI · 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
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
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