971 Main St West Warwick, RI 02893
Property profile & analytics
971 Main St West Warwick, RI 02893
- Investment properties
- 7,200 SF
- 0.42 lot acres
Property ID
US76-0100527
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 971 Main St
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 0.42 lot acres
- Property size
- 7,200 SF
- Zone code
- B
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- WWAR 003-0042-0-000
- APU
- WWAR00300420000
Description
This exceptional mixed-use property in West Warwick, Rhode Island, presents a compelling investment opportunity. Located at a highly visible, trafficked intersection in the heart of Phenix, the 7,200 square foot building sits on a spacious 18,470 square foot lot and boasts a two-story structure built in 1970. The property includes five residential units – three two-bedroom and two one-bedroom units, each with its own water tank and furnace – currently leased and generating income. These units are located at 981 Main Street, Units A-E. Below the residential units are three vacant commercial spaces, ready for immediate development. The first commercial unit (971 Main Street) is a completely gutted former bar, plumbed for two restrooms and a kitchenette, awaiting a new tenant's vision. The second unit (975 Main Street), a former Chinese takeout restaurant, features a fully equipped kitchen, ideal for a restaurant or pub expansion. The third unit (977 Main Street) is a blank canvas for entrepreneurial endeavors. Ample parking far exceeds the needs of any potential commercial tenants, with additional residential parking spaces behind the building. This property offers significant potential for growth and income generation in a thriving location. Prospective buyers are advised to conduct their own due diligence regarding permits and zoning.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $945,000
- AI Estimate
- $734,000
Market price range: $510k - $1.71MMarket price range: $432k - $1.25M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,080,000 Current use
- INDUSTRIAL (GENERAL)
- $865,000 Change: -20% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.524
- Latitude
- 41.7155
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$80,500
$389,300
$469,800
-
$0.00
$0.00
$0.00
