270 Post RdWarwick, RI 02888

For Sale
$2,699,000
Prime 251K SF Land, 48-Unit Condo Plan Approved

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 251,776 square foot land parcel in Warwick, Rhode Island, presents a unique investment opportunity. Located at 270 Post Road, this property boasts fully approved plans for a 48-unit condominium complex, offering a blend of studio, one-bedroom, and two-bedroom units (5 studios, 38 one-bedrooms, and 5 two-bedrooms). The existing building, constructed in 1967, is a solid brick structure, requiring a complete interior build-out to realize the approved condo plan. This presents a significant value-add opportunity for a developer. The roof was recently replaced in 2020, eliminating a major capital expenditure. Detailed parking plans and layouts are readily available for review, providing a clear vision for the project's completion. Situated in Kent County, Warwick, RI, 02888, this property offers convenient access to local amenities and transportation. The approved plans, combined with the existing structure and recent roof replacement, significantly reduce the time and cost associated with bringing this project to fruition. This is an ideal opportunity for developers seeking a substantial project with pre-approved plans and a solid foundation. The asking price is $2,699,000.

Highlights

  • $2,699,000 asking price.
  • 251,776 square foot land parcel.
  • Approved plans for a 48-unit condo complex (5 studios, 5 two-bedroom, 38 one-bedroom).
  • Existing solid brick building requiring full interior build-out.
  • Roof installed in 2020.
  • Parking plan and layout available.

Property Details for 270 Post Rd

Property type
Land
Year Built
1967
Buildings
1

Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.7618366
Longitude
-71.3991009
270 Post Rd, Warwick, Rhode Island

FAQs

What type of property is this?
Land - Prime 251K SF Land, 48-Unit Condo Plan Approved
Where is the land located?
The property is located at 270 Post Rd Warwick, RI.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: $2,699,000 asking price.; 251,776 square foot land parcel.; Approved plans for a 48-unit condo complex (5 studios, 5 two-bedroom, 38 one-bedroom).
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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270 Post Rd
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