793-799 West Shore Road
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793-799 West Shore Road
2 Retail Properties Offered at $650,000 in Warwick, RI
Investment Highlights
- Downtown location
- abuts park
- 2 separate lots
- 1 block from Providence River
Executive Summary
Incredible opportunity to own 3 separate buildings on 2 different lots in a fantastic downtown location with private parking. 793 West Shore is a mixed use building currently being used as a 2 bedroom 1 bathroom single family, owner occupied now, paying 1500 per month. 799 West Shore contains a large vacant commercial building, along with a separate vacant building in the back, currently zoned GB. 799 West Shore is a partially renovated larger building, which includes a brand new electrical and HVAC unit, just needs to be connected to the gas. Seller has been approved for 8 foot ceilings to keep under 35,000 cubic feet which will not require a sprinkler system. The second smaller building is gutted but currently has electrical connection. 793 West shore has gone through a full remodel with new sheetrock and flooring throughout, plumbing, HVAC, electrical, newer heating system, and central air. First floor features the living room, eat in kitchen, 1 bedroom, and laundry area. Second floor is an open loft with cathedral ceilings and a walk in closet that is currently used as the second bedroom. Plumbing is already upstairs to add a second bathroom. The loft is large enough to convert into two bedrooms. This property conveniently abuts a small park to enjoy at any time and is only a block away from the Providence River.
Taxes & Operating Expenses (Actual - 2023) |
Annual |
---|---|
Gross Rental Income | $18,000 |
Other Income | - |
Vacancy Loss | - |
Effective Gross Income | $18,000 |
Net Operating Income | - |
Taxes & Operating Expenses (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | $18,000 |
Other Income | |
---|---|
Annual | - |
Vacancy Loss | |
---|---|
Annual | - |
Effective Gross Income | |
---|---|
Annual | $18,000 |
Net Operating Income | |
---|---|
Annual | - |
Property Facts
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
793 W Shore Rd, Warwick, RI 02889 | Retail | 853 SF | 1900 | - |
799 W Shore Rd, Warwick, RI 02889 | Retail | 3,588 SF | 1930 | - |
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793-799 West Shore Road
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