For Sale
$775,000

55 Greenhill StWest Warwick, RI 02893

19,560 SF Industrial Building, 10% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 19,560-square-foot industrial building situated on a 20,473-square-foot lot at 55 Greenhill Street, West Warwick, Rhode Island, 02893. The property boasts a desirable location in the Natick neighborhood, offering convenient access to Routes 2, 295, and 95, facilitating seamless transportation throughout the region. Built in 1900, this two-story Class C building features one unit with 100% occupancy, providing immediate cash flow. The building's 19,560 square feet of net rentable space includes multiple loading docks, enhancing operational efficiency. The property's mixed-use zoning allows for diverse applications, while its proximity to major highways, shopping centers, and popular coastal destinations like Providence, Narragansett, North Kingstown, and South Kingstown adds significant value. This is a privately owned asset with a compelling 10% capitalization rate and an asking price of $775,000. The property's versatile nature and strategic location make it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in a thriving Rhode Island market.

Highlights

  • 19,560 SF industrial building on a 20,473 SF lot at 55 Greenhill Street, West Warwick, RI 02893.
  • Excellent location with easy access to Routes 2, 295, and 95.
  • Two-story Class C building, built in 1900, 100% occupied, offering immediate cash flow.
  • Features multiple loading docks and 19,560 SF of net rentable space.
  • Mixed-use zoning, near major highways, shopping, and coastal destinations.
  • Privately owned, 10% cap rate, $775,000 asking price.

Property Details for 55 Greenhill St

Property type
Warehouses, Retail properties
Square Feet
19,560 SF
Class
C
Year Built
1900
Buildings
1
Stories
2
Units
1

Location Insight

City
West Warwick
County
Kent
State
Rhode Island
Latitude
41.7196095
Longitude
-71.4905887
55 Greenhill St, West Warwick, Rhode Island

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55 Greenhill St
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