For Sale
$849,000

1050 Warwick AveWarwick, RI 02888

High-Visibility Medical Office Building

Overview

Added:
Feb 3
Days on market:
62
This exceptional free-standing medical building presents a compelling investment opportunity in a prime Warwick, RI location. Situated on a 0.75-acre corner lot at 1050 Warwick Avenue, just north of Hoxie Four Corners, this property boasts excellent visibility and accessibility with frontage on both Warwick Avenue and Waldron Avenue. Currently occupied by established physician specialists, testing labs, and a TSA office, the building offers immediate cash flow. The single-level layout provides convenient access for patients and staff. A significant advantage lies in the expansive, unfinished attic space, offering a potential 2,600 square feet for future expansion or conversion. This could easily accommodate additional medical offices, creating further rental income streams or allowing for the development of a multi-unit condo complex. The asking price is notably below the assessed value, representing a potentially lucrative investment. This property is well-suited for investors seeking a stable, income-generating asset with significant upside potential. The existing tenants provide a strong foundation for continued success, while the expansion possibilities offer considerable flexibility and future growth. Serious inquiries are encouraged to conduct their own due diligence and explore the full range of opportunities this property presents.

Property Details for 1050 Warwick Ave

Property type
Year Built
1980
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.74746
Longitude
-71.40471
1050 Warwick Ave, Warwick, Rhode Island

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1050 Warwick Ave
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