289 Cowesett AveWest Warwick, RI 02893

Property Details for 289 Cowesett Ave

Year built

1986

Lot size

2.90 AC

Property size (Sq ft)

24,850 SF

Zone code

B

Property type

Showrooms

APN

WWAR 029-0395-0-000

APU

WWAR02903950000

Description

This exceptional single-tenant office space, located at 289 Cowesett Avenue, Suite 1-2, in West Warwick, Rhode Island, offers 2,000 square feet of versatile space in a high-traffic plaza. Situated in Kent County, this ground-floor unit boasts a 9.5-foot ceiling height and is conveniently located near Tina Drive. The property is part of a bustling plaza with established retailers such as Stop & Shop, Lowe's, Home Depot, Dollar Tree, and O'Reilly Auto Parts, ensuring high visibility and foot traffic. Its proximity to residential areas, condo villages, and easy highway access via Route 2 (Bald Hill Road) makes it an ideal location for a variety of businesses. Ample parking is available for tenants and customers. The space is suitable for various uses, including traditional office space, retail, or restaurant operations (subject to local zoning regulations). The property features one building with a single story. The rental rate is negotiable.

• CAP approach

  CAP return

  Valuation

  6%

  $6,039,418

  6.5%

  $5,574,847

  7%

  $5,176,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,182,190

  Geo Method

  $8,182,190

• Alternative Use

  Use

  Valuation

  Residential

  $4,702,592

  Hospitality

  $4,307,549

  Educational

  $3,583,830

  Medical

  $3,707,084

  Retail

  $5,574,847

Location Insight

City

West Warwick

County

Kent

State

Rhode Island

Latitude

41.6842

Longitude

-71.5061

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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