8 Perry Ave Warwick, RI 02888
This exceptional 3,760-square-foot commercial building is situated on a highly visible 0.2-acre corner lot in Warwick, Rhode Island's Norwood section. Currently configured as an auto repair shop, this property presents a wealth of possibilities for a variety of commercial uses, including but not limited to auto detailing, equipment servicing, or other industrial service-based businesses. The building features a convenient garage door for easy access and a durable tar and gravel roof, ensuring longevity and practicality. Its prime corner location offers unparalleled visibility and accessibility, attracting significant foot and vehicle traffic. The property's versatility allows for customization to suit diverse commercial needs. Existing equipment is negotiable, presenting a turnkey opportunity for a prospective buyer seeking immediate operational readiness. This represents a rare chance to acquire a well-maintained commercial space in a thriving area of Warwick, offering both immediate usability and significant long-term potential. The asking price is $590,000. This property is ready for its next chapter.
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
Property description
Physical attributes from public recordsZoning & alternative use
A7 · Warwick, RIWarwick. 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.