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642 East Ave 4,801 SF 100% Leased Retail Building Warwick, RI 02886 $1,188,250 CAD ($247.50 CAD/SF) 4.40% Cap Rate
Executive Summary
Commercial Property for Sale | 642 East Ave, Warwick, RI 02886
This 2,955 SF, 3-unit building situated on a 7,405.2 SF (.17-acre) lot in Warwick offers a flexible opportunity for a variety of uses under A7 zoning. The property includes 12 parking spaces and benefits from strong accessibility along East Ave.
Features:
• 2,955 SF building
• 7,405.2 SF lot
• 12 parking spaces
• A7 zoning
Highlights:
• Suitable for owner-user or investment
• Potential for repositioning or redevelopment
• Established location with steady traffic
This 2,955 SF, 3-unit building situated on a 7,405.2 SF (.17-acre) lot in Warwick offers a flexible opportunity for a variety of uses under A7 zoning. The property includes 12 parking spaces and benefits from strong accessibility along East Ave.
Features:
• 2,955 SF building
• 7,405.2 SF lot
• 12 parking spaces
• A7 zoning
Highlights:
• Suitable for owner-user or investment
• Potential for repositioning or redevelopment
• Established location with steady traffic
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,801 SF
Building Class
C
Year Built
1875
Price
$1,188,250 CAD
Price Per SF
$247.50 CAD
Cap Rate
4.40%
NOI
$52,283 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.17 AC
Zoning
A7
Parking
12 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
70’ on East Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Care Center Of Rhode Island
- Services
- -
- -
- -
- Gown Town
- Retailer
- -
- -
- -
- Neil L. Blitz, Dmd
- Health Care and Social Assistance
- -
- -
- -
- Sam The Carpet
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Care Center Of Rhode Island | Services | - | - | - | ||
| Gown Town | Retailer | - | - | - | ||
| Neil L. Blitz, Dmd | Health Care and Social Assistance | - | - | - | ||
| Sam The Carpet | Services | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WARW-000262-000204-000000 | Improvements Assessment | $340,315 CAD |
| Land Assessment | $159,158 CAD | Total Assessment | $499,472 CAD |
Property Taxes
Parcel Number
WARW-000262-000204-000000
Land Assessment
$159,158 CAD
Improvements Assessment
$340,315 CAD
Total Assessment
$499,472 CAD
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