63 Bleachery CtWarwick, RI 02886

Property Details for 63 Bleachery Ct

Year built

1973

Construction

FRAME

Lot size

0.48 AC

Property size (Sq ft)

2,410 SF

Zone code

LI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WARW M:274 B:0284 L:0000

APU

WARWM274B0284L0000

Description

This exceptional 2,410 square foot commercial building presents a remarkable investment opportunity in Warwick, RI. Situated on a 0.48-acre lot, this one-level, free-standing structure offers unparalleled versatility. Currently configured as a single office unit, the property's zoning (light industrial) allows for significant expansion and adaptation. The building's design readily accommodates up to three separate suites, providing flexibility for various business needs. Three independent heating units ensure efficient climate control throughout the space. Ample parking is provided by a large, paved lot, enhancing convenience for tenants and visitors. A key feature of this property is the inclusion of a 150-foot communication tower, offering substantial potential for supplemental income generation. Its strategic location near T.F. Green Airport and major highways ensures excellent accessibility and high visibility, making it an ideal choice for businesses seeking a prominent presence in the Warwick market. The property's adaptable layout, combined with its prime location and additional income stream, makes it a compelling investment opportunity with significant upside potential. The building is ready for immediate occupancy or can be customized to meet specific business requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $585,714

  6.5%

  $540,659

  7%

  $502,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $793,524

  Geo Method

  $793,524

• Alternative Use

  Use

  Valuation

  Residential

  $456,066

  Hospitality

  $417,754

  Educational

  $347,567

  Medical

  $359,520

  Retail

  $540,659

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7286

Longitude

-71.4676

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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