800 Shr Rd Warwick, RI 02889-2609
This exceptional commercial property at 800 West Shore Road, Warwick, RI 02889, presents a fantastic investment opportunity. Situated on a 5,345 square foot corner lot in the desirable Conimicut neighborhood, this mixed-use property offers convenient highway access and significant potential for diverse business ventures. The property includes two buildings, with one featuring a 1,800 square foot commercial storefront ideal for a restaurant, bar, or warehouse operation. Built in 1915, the buildings have undergone substantial recent upgrades, including modern heating and cooling systems, upgraded electrical panels, a new roof, new water heaters, durable industrial flooring, updated windows, and a new fire alarm system. Ample storage space is available in the full basements. The asking price for this single-unit property is $2,500. This location offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses seeking a well-maintained and updated space in a thriving Rhode Island community. The property's versatile nature and recent renovations make it a truly compelling investment opportunity. Don't miss this chance to secure a prime commercial space in a sought-after location.
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The Crabby Lion Production Facility Furniture & Home Goods
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 building, structure, or parcel of land, or use thereof, lawfully existing at the time of the adoption or amendment of this zoning ordinance…
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
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 building, structure, or parcel of land, or use thereof, lawfully existing at the time of the adoption or amendment of this zoning ordinance and not in conformity with the provisions of such ordinance or amendment. Nonconformance shall be of only two types: (a) Nonconforming by use. A lawfully established use of land, building, or structure which is not a permitted use in that zoning district. A building or structure containing more dwelling units than are permitted by the use regulations of a zoning ordinance shall be nonconforming by use; or (b) Nonconforming by dimension. A building, structure, or parcel of land not in compliance with the dimensional regulations of the zoning ordinance. Dimensional regulations include all regulations of the zoning ordinance, other than those pertaining to the permitted uses. A building or structure containing more dwelling units than are permitted by the use regulations of a zoning ordinance shall be nonconforming by use; a building or structure containing a permitted number of dwelling units by the use regulations of the zoning ordinance, but not meeting the lot area per dwelling unit regulations, shall be nonconforming by dimension. 200.110. Nursing and convalescent home. A structure designed or used for residential occupancy and providing medical or nursing care on the premises for occupants, but not including a hospital or clinic. 200.111. Old growth forest. A forest that is over 1 acre in size where the oldest trees in that forest have attained a minimum age of 100 years old. 200.112. Old growth tree. Any native tree that has attained a minimum age of 100 years old. 200.113. Open space. Any parcel or area of land or water set aside, dedicated, designated, or reserved for public or private use or enjoyment or for the use and enjoyment of owners and occupants of land adjoining or neighboring such open space; provided that the area may be improved with only those buildings, structures, streets, and off-street parks and other improvements that are designated to be incidental to the natural openness of the land. (A) Usable open space: Space which is effectively separated from automobile traffic and parking and is an integral part of the cluster development. The term shall not include: 1.
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.
