1050 Warwick Ave Warwick AveWarwick, RI 02888

Exceptional investment opportunity in Warwick, Rhode Island, featuring a 7,751 sq ft two-story medical office building situated on a 32,844 sq ft corner lot. This property boasts 90 feet of frontage on Warwick Avenue, with additional access from Waldron Avenue, providing excellent visibility and accessibility. The building currently houses several established physician specialists and medical testing labs, generating a monthly rental income of $9,900. Ample on-site parking accommodates 75 vehicles. The unfinished second floor offers approximately 2,200 sq ft of potential for expansion, or the entire building presents an opportunity for residential conversion. The property's strategic location offers convenient access to Interstate 95 and all major highways, with T.F. Green International Airport just 4 miles away and Providence 6 miles away. Built in 1980, this single-building property presents a unique blend of existing income and future development potential. The property is zoned for commercial, executive office, medical office, and garage/parking uses. This is a rare opportunity to acquire a well-located, income-producing asset with significant upside potential.