For Sale
$1,650,000

99 Natick RdWarwick, RI 02886

High-traffic location, strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional redevelopment opportunity in Warwick, RI, presents a prime 0.39-acre site (16,988 sq ft) encompassing four abutting lots. Currently operating at 100% occupancy with a strong NOI of $86,434 and a 5.24% cap rate, the property offers immediate income potential. The existing 7-unit, two-story, 7,400 sq ft building is zoned GB and situated at a signaled intersection, sharing an entrance with the Warwick Mall and located adjacent to Cumberland Farms. This high-visibility location benefits from exceptional access and significant traffic generated by the nearby 1,000,000 sq ft Warwick Mall, featuring major national retailers like Macy's, Nordstrom Rack, and Target. The property's strategic location at the convergence of major thoroughfares, including Interstate 295 & 95, Route 2 (Bald Hill Road), and Route 5, ensures unparalleled exposure. The asking price is $1,650,000. This presents a unique chance to capitalize on a thriving retail market or redevelop into a long-term asset. The property's current configuration includes commercial, QSR/fast food, and storefront uses.

Highlights

  • $1,650,000 asking price for a redevelopment opportunity.
  • 7,400 square feet on a 0.39-acre lot in Warwick, RI.
  • 5.24% cap rate with a $86,434 NOI and 100% occupancy.
  • Seven units in a two-story building with GB zoning.
  • Prime retail location across from Warwick Mall, at a signaled intersection with high traffic counts.

Property Details for 99 Natick Rd

Property type
Retail properties, Land
Square Feet
7,400 SF
Stories
2
Lot Size (sq. ft)
16,988 SF
Units
7

Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.727536271598
Longitude
-71.477854223738
99 Natick Rd, Warwick, Rhode Island

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99 Natick Rd
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