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    FOR SALE
    Showrooms

    830 Oakland Beach Ave, Warwick, RI 02889

    4,130 SF 0.11 ac lot Built 1925
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US76-0113525
    Property summary
    AI-generated overview

    This exceptional Warwick, RI property, located at 830 Oakland Beach Avenue, presents a unique investment opportunity. The 15,941 square foot lot houses a 4,130 square foot building, formerly known as the Jonah Hall, which boasts a commercial kitchen, spacious banquet room, multiple offices, and bathrooms. Preliminary approval for a five-unit residential conversion is in place, with plans readily available. The building features an expansive exterior deck and ample parking with 17 designated spots, including convenient handicap access. Built in 1925, this property offers significant versatility, suitable for a variety of commercial uses, including restaurant, bar, or a mixed-use development leveraging the residential conversion plans. The property's location in Warwick, RI, within Kent County (zip code 02889), provides excellent visibility and accessibility. The three separate lots comprising this property offer considerable flexibility for future development or expansion. This is a rare opportunity to acquire a substantial property with existing infrastructure and significant upside potential. The asking price is $369,000.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1925
    Construction FRAME
    Total area 4,130 SF
    Lot 0.11 ac (4,792 SF)
    Zoning code A7
    APN WARW M:376 B:0435 L:0000
    UPID US76-0113525
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Art Space Performing Arts Visual Arts Theater & Performing Art Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $345k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $555k
    Blend (final) Blend
    $520k
    Owner & transaction history
    Elmwood Rlty LLC · 2 yrs held
    Elmwood Rlty LLC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    A7 · Warwick, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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