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Investment Highlights

  • Substantial 1.24-acre parcel with prominent frontage along Warwick Avenue
  • Minutes from TF Green Airport, Interstate 95, and the commuter rail.
  • Fully connected to water, sewer, and natural gas utilities.

Executive Summary

Exceptional opportunity at 982 Warwick Avenue 54,014 sq ft (approx. 1.239 acres) with commanding frontage along one of Warwick's highest traffic corridors. Zoned Residential A-7, the site presents a compelling canvas for investors and developers to pursue its highest and best use, whether that means a zoning variance for a full repositioning strategy, or working with the planning depart for subdivisions. All major utilities are in place municipal water, sewer, and gas removing a significant barrier to development. The current legal use of this property is a funeral home. The existing structure is conveyed as-is. Great value with this location. Strategically positioned minutes from T.F. Green International Airport, the MBTA commuter rail, Interstate 95, waterfront marinas, and major retail corridors, this site checks every box for accessibility and long term demand. With Rhode Island's current housing supply constraints, A-7 zoned parcels of this scale and visibility rarely reach the open market. Buyer to perform their own due diligence on permitted uses, variance potential, and planning development feasibility.

Property Facts

Price $1,200,000
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 1.23 AC
Zoning A7 - A7 Residential

1 Lot Available

Lot 301-326

Price $1,200,000
Price Per AC $975,609.76
Lot Size 1.23 AC

The property consists of a large lot providing unique redevelopment opportunities in the heart of Warwick. Its substantial frontage, utility connections, and visibility create excellent potential for housing projects or business use subject to zoning

Description

The property consists of a large lot providing unique redevelopment opportunities in the heart of Warwick. Its substantial frontage, utility connections, and visibility create excellent potential for housing projects or business use subject to zoning allowances. The current legal use of this property is a funeral home. Given its proximity to major transportation hubs and amenities, this site offers considerable upside for builders, developers, or investors looking to reposition or redevelop.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
WARW-000301-000326-000000
Land Assessment
$179,000
Improvements Assessment
$614,200
Total Assessment
$793,200
  • Listing ID: 40148206

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 982 Warwick Ave, Warwick, RI 02888

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