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1175 Post Rd 4,700 SF 100% Leased Retail Building Warwick, RI 02888 $599,900 ($127.64/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic Intersection
- 3 Units
- Corner Lot
EXECUTIVE SUMMARY
For Sale: Prime Commercial Property at 1175 Post Rd, Warwick, RI! This 4,600 sq ft, 3-unit cinder block building sits on a high-traffic corner lot with a traffic signal, ensuring maximum visibility. Features 13 striped parking spaces, with room for more in the rear, and two curb cuts with asphalt completely surrounding the building for excellent drive-through potential. The well-maintained building boasts new exterior paint, a new awning, and illuminated signage. Includes a 3,000 sq ft basement with steel infrastructure and good ceiling heights. Equipped with a fire alarm connected to a central station, security cameras, and concrete posts for protection. One 8’W x 10’H garage door accesses the storage area. Approximately 2500dsq' vacant at closing. **Owner financing is available** Don’t miss this opportunity to own a versatile property with endless potential in a bustling location! Contact us today for details.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,700 SF
Building Class
C
Year Built
1961
Price
$599,900
Price Per SF
$127.64
Cap Rate
6.50%
NOI
$38,994
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.38 AC
Zoning
GB
Parking
15 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Fenced Lot
- Signage
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WARW-000296-000187-000000 | Improvements Assessment | $254,400 |
| Land Assessment | $116,200 | Total Assessment | $370,600 |
PROPERTY TAXES
Parcel Number
WARW-000296-000187-000000
Land Assessment
$116,200
Improvements Assessment
$254,400
Total Assessment
$370,600
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1175 Post Rd
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