830 Oakland Beach AveWarwick, RI 02889

Property Details for 830 Oakland Beach Ave

Year built

1925

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

4,130 SF

Zone code

A7

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WARW M:376 B:0435 L:0000

APU

WARWM376B0435L0000

Description

This exceptional Warwick, RI property, located at 830 Oakland Beach Avenue, presents a unique investment opportunity. The 15,941 square foot lot houses a 4,130 square foot building, formerly known as the Jonah Hall, which boasts a commercial kitchen, spacious banquet room, multiple offices, and bathrooms. Preliminary approval for a five-unit residential conversion is in place, with plans readily available. The building features an expansive exterior deck and ample parking with 17 designated spots, including convenient handicap access. Built in 1925, this property offers significant versatility, suitable for a variety of commercial uses, including restaurant, bar, or a mixed-use development leveraging the residential conversion plans. The property's location in Warwick, RI, within Kent County (zip code 02889), provides excellent visibility and accessibility. The three separate lots comprising this property offer considerable flexibility for future development or expansion. This is a rare opportunity to acquire a substantial property with existing infrastructure and significant upside potential. The asking price is $369,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,003,734

  6.5%

  $926,524

  7%

  $860,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,359,857

  Geo Method

  $1,359,857

• Alternative Use

  Use

  Valuation

  Residential

  $781,558

  Hospitality

  $715,902

  Educational

  $595,622

  Medical

  $616,107

  Retail

  $926,524

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.6862

Longitude

-71.3979

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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