155 Jefferson BlvdWarwick, RI 02888

Property Details for 155 Jefferson Blvd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.58 AC

Property size (Sq ft)

20,606 SF

Zone code

LI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WARW M:283 B:0176 L:0000

APU

WARWM283B0176L0000

Description

155 Jefferson Boulevard in Warwick, Rhode Island presents a unique opportunity for medical professionals and businesses seeking versatile office space. This multi-tenant property, totaling 28,850 rentable square feet, sits on a 1.58-acre lot in Kent County, offering ample on-site parking. Built in 1985, the building boasts highly visible signage along a busy commercial thoroughfare, ensuring excellent exposure. Currently, there are three available suites, ranging from a minimum of 2,400 square feet to a maximum contiguous space of 4,300 square feet, totaling 9,100 square feet of vacant space. The property is comprised of eight individual suites, previously occupied by a mix of medical offices, showrooms, and sales/service businesses. Each suite benefits from separate utility metering. This location provides easy access to major roadways and offers a strong presence within a thriving commercial area. The property's flexible layout and ample space make it ideal for a variety of medical practices or businesses requiring substantial office space. The building's existing infrastructure and prominent location offer immediate occupancy potential. This is an exceptional opportunity to establish or expand your business in a high-traffic area with excellent visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $5,007,978

  6.5%

  $4,622,748

  7%

  $4,292,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,784,798

  Geo Method

  $6,784,798

• Alternative Use

  Use

  Valuation

  Residential

  $3,899,461

  Hospitality

  $3,571,886

  Educational

  $2,971,767

  Medical

  $3,073,970

  Retail

  $4,622,748

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7442

Longitude

-71.4379

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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