1237 Main StWest Warwick, RI 02893

  • Showrooms
  • 15,616 SF
For Sale
$685,000 View listing

Property Details for 1237 Main St

Year built
1949
Construction
FRAME
Lot size
0.25 AC
Property size (Sq ft)
15,616 SF
Zone code
B
Property type
Showrooms
APN
WWAR 005-0015-0-000
APU
WWAR00500150000

Description

This exceptional commercial property, located at 1237 Main Street in West Warwick, Rhode Island, presents a unique investment opportunity. The 23,000 square foot building, constructed in 1949, boasts a prime location with Main Street frontage in the Arctic Design Control District (ADCD). Currently, a national tenant, Rent-A-Center, occupies approximately 6,000 square feet, generating $52,800 in annual gross rental income. The remaining 17,000 square feet of net rentable space is available for lease, offering significant potential for increased revenue. This space is distributed across the lower level, first floor, and second floor. The property sits on a 0.26-acre lot and includes convenient on-site rear parking. Its high visibility and established tenant base make this a compelling investment in a thriving Rhode Island market. The property is classified as Class C and zoned for commercial use within the ADCD. This presents a rare chance to acquire a well-situated, income-producing property with substantial upside potential. The asking price for this remarkable opportunity is $685,000. Detailed financial information is available upon request.

1237 Main St, West Warwick, Rhode Island

Location Insight

City
West Warwick
County
Kent
State
Rhode Island
Latitude
41.7047
Longitude
-71.5245
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,953
$72,300
$340,600
$412,900
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