191 2nd Ave 3,740 SF Industrial Building Warwick, RI 02888 $499,900 ($133.66/SF) 7.47% Cap Rate
INVESTMENT HIGHLIGHTS
- Loading dock
- New roof
- Heavy power
EXECUTIVE SUMMARY
Warwick warehouse and office building zoned for light industrial. Great infrastructure here with heavy 3 phase power, gas, sewer, town water, two 8'x8' doors; one of which is at loading height, 3 pedestrian egresses, a new roof, newer HVAC units of which there are many, recently seal coated parking area and plenty of open land surrounding the building at over 1/3rd of an acre. The rear yard is fully fenced. Corner location just off of busy Elmwood Avenue and all the amenities to be found there. Approximately 4 minutes driving to I-95. Call anytime for more information.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
AMENITIES
- Security System
- Yard
- Air Conditioning
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Woodstock Enterprises Corp.
- Manufacturing
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Woodstock Enterprises Corp. | Manufacturing | - | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | WARW-000286-000308-000000 | Total Assessment | $272,500 (2024) |
| Land Assessment | $49,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $223,000 (2024) | Tax Year | 2025 |
ZONING
| Zoning Code | LI |
