120 Lambert Lind HwyWarwick, RI 02889

Property Details for 120 Lambert Lind Hwy

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.96 AC

Property size (Sq ft)

18,816 SF

Zone code

GB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WARW M:273 B:0388 L:0000

APU

WARWM273B0388L0000

Description

This exceptional office property, Ross-Simons Plaza, located at 120 Lambert Lind Hwy in Warwick, Rhode Island (zip code 02886), offers a total of 5,395 square feet of prime office space. Currently, the entire building is vacant and available for lease. The property is categorized as both Executive and Traditional Office space, making it suitable for a variety of business needs. Flexible lease options are available, accommodating spaces ranging from a minimum of 1,995 square feet to a maximum contiguous space of 3,400 square feet. Multiple tenancy is possible, allowing for the division of the space to suit different business requirements. The building's location in Kent County provides easy access to major transportation routes and amenities. This presents a unique opportunity for businesses seeking high-quality office space in a desirable Warwick location. The property is ready for immediate occupancy, offering a blank canvas for businesses to customize their ideal workspace. Interested parties are encouraged to inquire about lease terms and availability. The address is easily accessible via major roadways, making commuting convenient for employees and clients alike. This is a rare opportunity to secure a substantial and versatile office space in a prime Rhode Island location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,572,945

  6.5%

  $4,221,180

  7%

  $3,919,667

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,195,416

  Geo Method

  $6,195,416

• Alternative Use

  Use

  Valuation

  Residential

  $3,560,723

  Hospitality

  $3,261,603

  Educational

  $2,713,616

  Medical

  $2,806,941

  Retail

  $4,221,180

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7288

Longitude

-71.476

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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