For Sale
$799,000

2121 Elmwood AveWarwick, RI 02888

Five-unit commercial building, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a five-unit commercial building situated at 2121 Elmwood Avenue in Warwick, Rhode Island, zip code 02888. The property, built in 1989, sits on a substantial 12,632 square foot lot and encompasses a diverse range of commercial spaces. The building includes a large warehouse/retail space featuring a loading dock and an 800 square foot drive-in garage. The second floor offers office space currently subdivided into two units. The existing tenant mix provides a strong foundation for continued income generation, including an established coffee/ice cream shop with outdoor seating, a hair salon, and a video studio. All tenants are currently under long-term leases. The warehouse space with the drive-in garage is available for lease, presenting an additional revenue stream. This property offers a compelling blend of established income and future leasing potential, making it an attractive investment in a high-traffic area on Route 1 and Elmwood Avenue. The asking price for this multi-unit commercial property is $799,000. This is a turnkey opportunity for a savvy investor seeking a well-established and diverse commercial portfolio.

Highlights

  • Five-unit commercial building at 2121 Elmwood Avenue, Warwick, RI 02888.
  • 12,632 sq ft lot, built in 1989.
  • Features warehouse/retail space with loading dock and 800 sq ft drive-in garage.
  • Includes office space (two units).
  • Strong tenant mix with long-term leases (coffee/ice cream shop, hair salon, video studio).
  • Warehouse space with drive-in garage available for lease.

Property Details for 2121 Elmwood Ave

Property type
Warehouses, Retail properties
Year Built
1989
Buildings
1
Units
5

Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.7496261
Longitude
-71.4232833
2121 Elmwood Ave, 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].
2121 Elmwood Ave
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