For Sale
$950,000

2362 Shr Rd West Shr RdWarwick, RI 02889

Prime Warwick, RI investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional commercial property, located at 2362-2372 West Shore Road in Warwick, Rhode Island (zip code 02889), presents a compelling investment opportunity. The property encompasses a single-story, 1968-built building situated on a substantial 28,749 square foot lot. Currently configured as a six-unit commercial building, five of the units are occupied by long-standing tenants, providing immediate rental income. Each unit features separate electrical and heating systems, simplifying management and facilitating triple-net lease structures. The property's high-visibility location on West Shore Road ensures excellent accessibility from both traffic lanes, benefiting from ample on-site parking with potential for expansion. The property's strategic location across from Warwick Vets Middle School, within a thriving residential neighborhood, and near other established businesses (including gas stations, restaurants, and retail shops), guarantees a consistent flow of potential customers. The sale includes an additional lot, offering significant potential for future expansion or development. This presents a rare chance to acquire a stable, income-generating asset with substantial growth potential in a desirable Warwick location. The property's diverse zoning allows for various commercial uses, including retail, entertainment, and flex space, catering to a wide range of business types. This turnkey investment offers a unique blend of immediate return and long-term growth prospects.

Highlights

  • Exceptional investment opportunity: 6-unit commercial building on a 28,749 sq ft lot in Warwick, RI (02889).
  • Single-story, 1968-built building with five occupied units providing immediate income.
  • Separate utilities (electric & heat) in each unit, ideal for triple-net leases.
  • High-visibility location on West Shore Road with ample parking.
  • Located across from Warwick Vets Middle School, near other businesses, and in a thriving residential area.
  • Includes an additional lot, offering expansion potential.

Property Details for 2362 Shr Rd West Shr Rd

Property type
Amusement parks, Specialty properties
Year Built
1968
Buildings
1
Stories
1
Units
1

Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.703081
Longitude
-71.4087212
2362 Shr Rd West Shr Rd, Warwick, Rhode Island

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2362 Shr Rd West Shr Rd
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