2362 West Shore Road Warwick, RI $ 950,000
2362 West Shore Road
$ 950,000
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2362 West Shore Road

Warwick, RI, 02889
$ 950,000
Baths0.0

Monthly Estimate*

$ 6,314

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Studio

Commercial Property for sale in Warwick, RI

for $950,000. This building was built in 1968 on a lot size of 0.659986.

6 unit commercial building with extra lot conveying, add onto this building and site with plenty of parking and grow your empire here! High visibility location on West Shore Road, easily accessible from either traffic lane, this plaza comes with plenty of parking and room to expand your parking lot even further with the additional lot conveying with sale. Located directly across from Warwick Vets middle school, great neighborhood spot connected to a thriving residential neighborhood, absolutely perfect location for a retail investor. Longstanding tenants stabilize your acquisition, close, turn the key and start collecting rent with 5 of the 6 current units occupied. Separate electrical and heating for each unit, set up your triple net leases and don't sweat the small stuff while your tenants pay off your building. Or build your local business here in this location nearby not just the school and residential shoppers but also gas stations, "The big Dave's", florists, bakeries and other established businesses that will bring traffic by your sign! This is a one of the best commercial investments in town, lets earn a buck, serving and building the community together!

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Commercial Active

Price

$ 950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,153

Style

Commercial

Lot Size

0.659986

Year Built

1968

Town/City

Warwick

County/Region

Kent

MLS | Web ID

1316143

Features
General
Sewer Connected
Heating ForcedAir
Cooling CentralAir
Utilities NaturalGasConnected SewerConnected
Possession Negotiable
Development Status Subdivided
Construction Materials Brick
Year Built 1968
Electric Item100AmpService
Tenant Pays Electricity Heat HotWater
Stories 1
Levels One
Property SubType Commercial
Tax Year 2022
Gross Income 28337.0
Business Type ArtsandEntertainment BarberBeauty Clothing Mixed
Community Features HighwayAccess NearHospital NearSchools PublicTransportation RecreationArea Shopping
County Kent
Insurance Expense 4864.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Warwick
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 1
Lot Size Units SquareFeet
Lot Size Square Feet 28749.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 5
Street Name West Shore
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 15153.0
Home Warranty Y/N N
Trash Expense 500.0
Water Sewer Expense 1137.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Leasable Area 0.0
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tour.RiLiving.com/2362-2372-West-Shore-RD-Warwick-RI-02889
Days on Market 662
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 539300
Tax Lot 301 313
Ownership Type SoleProprietor
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Interior
Basement Full
Total Stories 1
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 0.0
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Connected
Total Parking 50.0
Lot Size Area 28749.0
Number of Buildings 1
Spa N
Building Area Total 0.0
Street Suffix Road
Road Surface Type Concrete Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2362
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* Excluded Features
List By
Century 21 Shoreline

Broker

mattpattyteam@gmail.com

Email

Affordability Calculator

$7,577
Per Month
83%
17%
0%
Monthly Principal & Interest
$6,314
Monthly Property Taxes
$1,263
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/8/2024$950,000 Listed Price

Map


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2362 West Shore Road, Warwick, RI, 02889 is a Commercial Property for sale at $950,000 with a lot size of 0.659986. 2362 West Shore Road is a studio with 0.0 baths and was built in 1968. The property's zip code is 02889 which is in Warwick, RI