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27 Pike St 5,912 SF 100% Leased Retail Building West Warwick, RI 02893 $1,499,900 ($253.70/SF) 7.73% Cap Rate
Executive Summary
Exceptional Multi-Building Investment Opportunity. Whether you're expanding your portfolio or seeking a versatile mixed-use investment, 21–27 Pike Street offers instant, strong cash flow, multiple income streams, and additional value-add potential in one unique package. Property featuring 7 occupied residential units and 1 commercial unit across three separate buildings. The property consists of one two-family building with up-and-down units; one duplex with two residential units; one mixed-use building featuring 3 residential units, 1 commercial storefront (formerly operated as a bakery), and additional finished space with the potential to be converted into another rental unit, subject to buyer due diligence and approvals. All residential units are currently occupied, providing immediate rental income. The commercial space is vacant, creating an excellent opportunity for an owner-user, investor, or business tenant to maximize returns. The additional finished space presents further upside for those seeking to increase the property's revenue potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,912 SF
Building Class
C
Year Built
1900
Price
$1,499,900
Price Per SF
$253.70
Cap Rate
7.73%
NOI
$115,966
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.23
Lot Size
0.11 AC
Zoning
B
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Boneheads Restaurant
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Boneheads Restaurant | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WWAR-000018-000045-000000 | Improvements Assessment | $259,700 |
| Land Assessment | $105,400 | Total Assessment | $365,100 |
Property Taxes
Parcel Number
WWAR-000018-000045-000000
Land Assessment
$105,400
Improvements Assessment
$259,700
Total Assessment
$365,100
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27 Pike St
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