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Highly Visible Mixed Use 1670-1674 Main St 4,698 SF 100% Leased Retail Building West Warwick, RI 02893 $595,000 ($126.65/SF)
Investment Highlights
- High Visibility
- Ample Parking
- Mixed Use
Executive Summary
Exceptional mixed-use opportunity in the heart of West Warwick! This well-maintained corner lot property offers a total of 4,698sqft., featuring 2,861 sq. ft. of prime retail/restaurant space on the first floor and all three residential apartments are fully rented. Ideal for an owner-user or investor, this property combines strong income potential with great visibility and frontage. The commercial space is versatile and ready for a variety of uses, while the residential units offer consistent cash flow and include access to a coin-operated laundry area for tenant convenience. Excellent exposure, and a central location close to major routes make this a standout property in a high-traffic area. Call today!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$68,640
|
$11.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,640
|
$11.84
|
| Taxes |
$5,336
|
$0.92
|
| Operating Expenses |
$5,000
|
$0.86
|
| Total Expenses |
$10,336
|
$1.78
|
| Net Operating Income |
$58,304
|
$10.06
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $68,640 |
| Annual Per SF | $11.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $68,640 |
| Annual Per SF | $11.84 |
| Taxes | |
|---|---|
| Annual | $5,336 |
| Annual Per SF | $0.92 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.86 |
| Total Expenses | |
|---|---|
| Annual | $10,336 |
| Annual Per SF | $1.78 |
| Net Operating Income | |
|---|---|
| Annual | $58,304 |
| Annual Per SF | $10.06 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,698 SF
Building Class
C
Year Built/Renovated
1930/2020
Price
$595,000
Price Per SF
$126.65
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.21 AC
Zoning
B - Business District
Parking
12 Spaces (2.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Controlled Access
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Property Taxes
| Parcel Number | WWAR-000009-000069-000000 | Total Assessment | $373,400 |
| Land Assessment | $98,200 | Annual Taxes | $5,336 ($1.14/SF) |
| Improvements Assessment | $275,200 | Tax Year | 2025 |
Property Taxes
Parcel Number
WWAR-000009-000069-000000
Land Assessment
$98,200
Improvements Assessment
$275,200
Total Assessment
$373,400
Annual Taxes
$5,336 ($1.14/SF)
Tax Year
2025
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Highly Visible Mixed Use | 1670-1674 Main St
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