16 Freeborne StWarwick, RI 02889

  • Showrooms
  • 1,260 SF
For Sale
$279,000 View listing

Property Details for 16 Freeborne St

Year built
1986
Construction
FRAME
Lot size
0.09 AC
Property size (Sq ft)
1,260 SF
Zone code
GB
Property type
Showrooms
APN
WARW M:349 B:0208 L:0000
APU
WARWM349B0208L0000

Description

This exceptional commercial property in Warwick, RI, presents a lucrative investment opportunity. Located in a thriving strip center at 16 Freeborne Street, this property boasts two versatile units totaling 0.09 acres. One unit is currently leased to a successful pet grooming business, generating immediate rental income. The second unit is available for lease or owner-occupancy, offering flexibility for a variety of uses. The property's prime location ensures high visibility and significant foot traffic, benefiting from its proximity to popular retailers including Subway, Rite Aid, Burger King, TD Bank, and Dunkin' Donuts. Ample parking is available with over 30 spaces, including 10 specifically assigned to the two units. The property is ideally suited for retail, food service, or office businesses seeking a high-traffic location with strong visibility. This is a rare opportunity to acquire a well-situated commercial property with existing income and significant growth potential. The property's strategic placement within a bustling commercial center guarantees a steady stream of potential customers and ensures a strong return on investment. Don't miss this chance to secure a prime commercial space in a highly desirable location. The asking price is $279,000.

Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.706
Longitude
-71.4158
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,643
$60,000
$127,000
$187,000
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