For Sale
$849,000

1050 Warwick Ave Warwick, RI 02888

High-Visibility Medical Office Building

Overview

Added:
Feb 3
Days on market:
84
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
Commercial real estate
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

FAQs

What type of property is this?
Commercial real estate - High-Visibility Medical Office Building
Where is the commercial real estate located?
The property is located at 1050 Warwick Ave Warwick, RI.
What is the asking price?
The asking price for this property is $849,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1050 Warwick Ave
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