Retail Building - 2 Units | 1131 Warwick Ave
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Retail Building - 2 Units 1131 Warwick Ave
4,192 SF 56% Leased Retail Building Warwick, RI 02888 $975,000 ($233/SF) 12.58% Cap Rate
Investment Highlights
- Credit Tenant Not Operating at This Location
- Signalized, Hard Corner Intersection | Near Interstate 95 | Residential Consumer Base | Excellent Visibility & Access
- NNN Lease
- Annual Rent Increases, Leased Through 2026
Executive Summary
2 Units
Retail Building with 25 Parking Spaces.
High traffic count, busy intersection on a corner lot with a traffic light.
Terrific signage opportunities.
Retail Building with 25 Parking Spaces.
High traffic count, busy intersection on a corner lot with a traffic light.
Terrific signage opportunities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,192 SF
Building Class
C
Year Built
1989
Price
$975,000
Price Per SF
$233
Cap Rate
12.58%
NOI
$122,658
Percent Leased
56%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.43 AC
Zoning
Commercial
Parking
25 Spaces (5.96 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former Medical Office, available for NNN Lease for medical office, office, or retail / fast food.
Space | Size | Space Use | Position | Available |
2 | 1,840 SF | Office/Retail | - | Now |
2
Size |
1,840 SF |
Space Use |
Office/Retail |
Position |
- |
Available |
Now |
2
Size | 1,840 SF |
Space Use | Office/Retail |
Position | - |
Available | Now |
Former Medical Office, available for NNN Lease for medical office, office, or retail / fast food.
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | WARW-000300-000001-000000 | Improvements Assessment | $710,500 |
Land Assessment | $164,200 | Total Assessment | $874,700 |
PROPERTY TAXES
Parcel Number
WARW-000300-000001-000000
Land Assessment
$164,200
Improvements Assessment
$710,500
Total Assessment
$874,700
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Retail Building - 2 Units | 1131 Warwick Ave
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