215 Toll Gate RdWarwick, RI 02886

Property Details for 215 Toll Gate Rd

Year built

1989

Property size (Sq ft)

1,330 SF

Zone code

O

Property type

Commercial real estate

APN

WARW M:246 B:0182 L:0001

APU

WARWM246B0182L0001

Description

This exceptional investment opportunity presents a 1-unit commercial office building situated on a substantial 50,000 square foot lot at 215 Toll Gate Road, Warwick, Rhode Island, 02886. Constructed in 1989, the building offers a prime location with convenient access to major roadways, enhancing its appeal to a wide range of businesses. The property boasts a significant amount of parking, a key advantage for both employees and clients. The building itself includes a 650 square foot office space on the top floor, featuring handicap accessibility. Low condo fees further contribute to the property's financial attractiveness. Its strategic location offers proximity to essential amenities, including a hospital (0.8 miles), the courthouse (2.7 miles), daycares, various retail establishments, and restaurants. The high demand for commercial rental space in this area, with rental rates ranging from $16 to $23 per square foot, underscores the significant potential for rental income and return on investment. This property is ideally suited for a variety of professional uses and represents a compelling addition to any investment portfolio. The property is classified as Commercial, Traditional Office, Business, and Specialty Services.

• Alternative Use

  Use

  Valuation

  Residential

  $251,688

  Hospitality

  $230,545

  Educational

  $191,811

  Medical

  $198,407

  Retail

  $298,372

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7018

Longitude

-71.4706

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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