This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
438-440 Main St
Warren, RI 02885
Retail Property For Sale
PROPERTY FACTS
Amenities
- Bus Line
About 438-440 Main St , Warren, RI 02885
Great Opportunity to Invest in a Very Up & Coming Historic Downtown area in Warren, known for its great restaurants, East Bay Bike path, waterfront, theater and artistic community. Located on one of the most highly visible blocks in downtown, w/high foot and car traffic (nearly 25,600 is the average daily traffic count), near busy coffee shops and Federal Hill Pizza restaurant. All residential units have been totally renovated. Updated high efficiency heating system, electric and fire system. All units have high 12' ceilings, offering lots of natural light with great window visibility for a retail & food & beverage business. There is street parking & municipal lots across the street. Also located on the public transportation rt. to Providence & Newport. Warren is centrally located w/easy access to highway & only 15 minutes to Providence, 25 minutes to Newport, and 1 hour to Boston or Cape Cod. There are many interesting possibilities with this property! This property is currently producing $81,180, nearly at a 8% CAP RATE with only one vacancy. When last vacancy is rented gross income anticipated at $90,780 before upcoming rent increases.
PROPERTY TAXES
| Parcel Number | WARR-000004-000000-000063 | Improvements Assessment | $426,200 |
| Land Assessment | $162,000 | Total Assessment | $588,200 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
