For Sale
$775,000

262 Washington StWarwick, RI 02888

Prime Warwick Investment: Three-Unit Building

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional commercial property at 262 Washington Street in Warwick, Rhode Island, presents a unique investment opportunity. The entire building, encompassing 4,792 square feet of land, is offered for sale at $775,000. The property features three individual commercial tradesmen units, each boasting impressive 10' wide x 12' high overhead doors, along with man doors for convenient access. Each unit also includes a half bath and a second-floor mezzanine/loft area, providing ample storage and workspace. The building is equipped with Modine heaters for efficient climate control and benefits from almost 17' high ceilings, offering significant vertical space. Electrical service is robust, with 100 amp service and 3-phase power available. The current rental income stream is substantial, with Unit #1 generating $2,200 per month, and Units #2 and #3 each bringing in $1,500 per month. This provides a strong potential for positive cash flow and return on investment. Further enhancing the property's appeal, additional man doors and a garage door are planned for installation soon. The seller is open to build-to-suit options, offering flexibility for potential buyers to customize the space to meet their specific needs. Located in Kent County, Rhode Island, with a zip code of 02888, this property offers a compelling combination of income generation and development potential. This is a rare opportunity to acquire a well-maintained, income-producing commercial building in a desirable location.

Highlights

  • Exceptional Warwick, RI commercial property, 4,792 sq ft land, $775,000.
  • Three 10'x12' commercial units with overhead & man doors, half baths, and mezzanines.
  • 17' ceilings, Modine heaters, 100-amp 3-phase power.
  • Strong rental income: $2,200/month (Unit 1), $1,500/month (Units 2 & 3).
  • Seller open to build-to-suit options; additional doors planned.

Property Details for 262 Washington St

Property type
Specialty properties, Land
Buildings
1
Units
1

Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.7549593
Longitude
-71.4036605
262 Washington St, Warwick, Rhode Island

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
262 Washington St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message