793 Shore RdWarwick, RI 02889

Property Details for 793 Shore Rd

Year built

1900

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

853 SF

Zone code

GB

Property type

Investment properties

Property subtype

Live-work space

APN

WARW M:332 B:0738 L:0000

APU

WARWM332B0738L0000

Description

This exceptional commercial investment opportunity encompasses three buildings situated on two parcels totaling 0.32 acres in desirable downtown Warwick, Rhode Island. The main property, 793 West Shore Road, is a fully renovated mixed-use building currently operating as a two-bedroom, one-bathroom single-family residence, generating a monthly rental income of $1500. This building boasts a complete remodel, including new sheetrock and flooring, updated plumbing, HVAC, electrical systems, a newer heating system, and central air conditioning. The first floor comprises a living room, eat-in kitchen, one bedroom, and laundry area. Upstairs, a spacious open loft with cathedral ceilings and a walk-in closet serves as a second bedroom

• CAP approach

  CAP return

  Valuation

  6%

  $141,026

  6.5%

  $130,178

  7%

  $120,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $111,453

  Geo Method

  $111,453

• Alternative Use

  Use

  Valuation

  Residential

  $161,421

  Hospitality

  $147,861

  Educational

  $123,018

  Medical

  $127,249

  Retail

  $191,362

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7232

Longitude

-71.3818

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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