2362 Shr Rd West Shr RdWarwick, RI 02889

Property Details for 2362 Shr Rd West Shr Rd

Year built

1968

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

5,682 SF

Zone code

GB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WARW M:361 B:0313 L:0000

APU

WARWM361B0313L0000

Description

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.

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7031

Longitude

-71.4086

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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