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Multi-Property Mixed Use Portfolio 388 Child St 36,590 SF 50% Leased Retail Building Warren, RI 02885 $2,054,814 CAD ($56.16 CAD/SF)
Investment Highlights
- Mixed-use property featuring three separate buildings, offering a combination of commercial and residential units for diverse income streams.
- Includes an oversized detached garage and ample parking with convenient access from Metacom Avenue.
- Each building/unit has separate utilities, and the property benefits from young roofs and various updates
- Highly visible corner location at Child Street and Metacom Avenue in the heart of Warren, ensuring strong traffic exposure and accessibility.
- Zoned Village Business District (VB), allowing for a wide range of potential uses such as retail, office, restaurant, or residential.
- Unique opportunity to reopen or reimagine a vintage bar space with expansion potential, adding character and versatility to the property.
Executive Summary
Calling all Investors looking for a Value-Add multi-property purchase in the heart of Warren. Featuring 2 parcels, 5 buildings, a vacant lot, a detached garage, ample parking & excess land. The first parcel: 367 Child is a 2 unit commercial building most recently used as a retail storefront on the right and a time capsule bar on the left - absolutely awesome! Just reopen with the vintage bar & decor or make it a trendy speakeasy (expansion potential). 373 Child is a two family residential home with both units consisting of 2 beds & 1 bath each. 377 Child is a mixed use building with a commercial unit on the first floor (most recently used as an office) and a 2 bed / 1 bath residential unit on the second floor. The second parcel: 388 Child is an attractive three family Victorian with sizable 2-3 bedroom units on the 1st & 2nd floors and a 1 bedroom unit on the 3rd floor. The character and charm that abound this Victorian are endless and irreplaceable. 384 Child is a beautiful Colonial with soaring ceilings and charming period details. This home offers 4 bedrooms and is ready to be restored to its original glory. The vacant lot to the left of 384 Child already has a curb cut, all public utilities available and will likely provide a building site for another single or two family home. In addition there is excess land area behind the existing homes for another potential Cottage, ADU, Garage, etc. The buildings/units feature separate utilities, young roofs & other various updates.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$25,525
|
$0.70
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,525
|
$0.70
|
Financial Summary (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $25,525 |
| Annual Per SF | $0.70 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,525 |
| Annual Per SF | $0.70 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
36,590 SF
Building Class
C
Year Built/Renovated
1880/2020
Price
$2,054,814 CAD
Price Per SF
$56.16 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.84 AC
Zoning
VB - Village Business. This district includes the central business area off Main Street as well as the business area off Child Street and Metacom Avenue
Parking
40 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Controlled Access
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WARR-000012-000000-000068 | Total Assessment | $892,231 CAD |
| Land Assessment | $193,420 CAD | Annual Taxes | $25,525 CAD ($0.70 CAD/SF) |
| Improvements Assessment | $698,811 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
WARR-000012-000000-000068
Land Assessment
$193,420 CAD
Improvements Assessment
$698,811 CAD
Total Assessment
$892,231 CAD
Annual Taxes
$25,525 CAD ($0.70 CAD/SF)
Tax Year
2025
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Multi-Property Mixed Use Portfolio | 388 Child St
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