469 Centerville RdWarwick, RI 02886

Property Details for 469 Centerville Rd

Year built

1985

Property size (Sq ft)

1,356 SF

Zone code

O

Property type

Office properties

Property subtype

Other office properties

APN

WARW M:247 B:0046 L:0001

APU

WARWM247B0046L0001

Description

This exceptional office condominium, located at 469 Centerville Road in Warwick, Rhode Island, presents a fantastic investment opportunity. Priced at $299,900, this property boasts a prime location with convenient access to I-95 and proximity to Kent County Hospital. The building, constructed in 1985, comprises one building with two stories and features a total of 2400+ square feet on the first floor. The space was previously used as a dental office and is comprised of two combined units. Accessibility is ensured with handicapped access on the first floor. Ample parking is available in the large on-site lot, complemented by well-maintained landscaping. Significant recent improvements include a new roof and complete exterior restoration and painting, all finished in 2023. The property's versatile layout makes it suitable for a wide range of businesses, including general business, professional services, medical practices, or dental offices. The lot size is not specified. This is a rare opportunity to acquire a well-maintained, updated office condominium in a highly desirable location. The zip code is 02886.

• CAP approach

  CAP return

  Valuation

  6%

  $224,187

  6.5%

  $206,942

  7%

  $192,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $177,175

  Geo Method

  $177,175

• Alternative Use

  Use

  Valuation

  Residential

  $256,608

  Hospitality

  $235,052

  Educational

  $195,560

  Medical

  $202,286

  Retail

  $304,205

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.6985

Longitude

-71.4784

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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