1590 Post RdWarwick, RI 02888

Property Details for 1590 Post Rd

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.76 AC

Property size (Sq ft)

14,950 SF

Zone code

GB

Property type

Showrooms

APN

WARW M:310 B:0266 L:0000

APU

WARWM310B0266L0000

Description

This exceptional Warwick, Rhode Island retail property, located at 1590 Post Road, offers 14,950 square feet of commercial storefront space. Currently, 13,000 square feet is available, divisible into units as small as 4,500 square feet, with a maximum contiguous space of 13,000 square feet. The property boasts significant frontage on Post Road, extending from Maryland Avenue to Massachusetts Avenue, encompassing a full city block. The space features abundant natural light thanks to its storefront design with extensive window lines. Parking is conveniently located in front of and along both sides of the building, with the potential for additional parking via conversion of an adjacent lot. The property includes a partial basement and a convenient overhead door for efficient deliveries. This location in Kent County offers excellent visibility and accessibility, making it an ideal opportunity for a variety of retail businesses. The property is situated in Warwick, RI, zip code 02888, and is easily accessible via Post Road.

• CAP approach

  CAP return

  Valuation

  6%

  $2,828,060

  6.5%

  $2,610,520

  7%

  $2,424,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,031,500

  Geo Method

  $2,031,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,090,770

  Mixed-Use / Specialty

  $2,601,210

  Hospitality / Lodging

  $1,908,430

  Office

  $2,585,760

  Institutional / Educational

  $2,704,210

  Residential Income

  $3,163,930

  Multifamily

  $3,794,650

  Automotive / Energy

  $2,317,900

  Parking / Income-Based Land

  $799,878

  Restaurant / Food Service

  $1,352,910

  Healthcare / Senior Housing

  $2,667,490

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7377

Longitude

-71.4333

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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