255 Quaker LnWest Warwick, RI 02893

Property Details for 255 Quaker Ln

Year built

1990

Construction

FRAME

Lot size

0.43 AC

Property size (Sq ft)

6,880 SF

Zone code

B

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WWAR 028-0478-0-000

APU

WWAR02804780000

Description

This exceptional West Warwick, RI commercial property at 255 Quaker Lane offers a versatile 900 sq ft single-tenant space, ideal for a variety of uses including retail, medical office, or salon/barbershop. The building boasts a highly visible location on Quaker Lane, with excellent visibility from Bald Hill Road, ensuring high traffic and exposure. The open floor plan provides flexibility for customization to suit specific business needs. The property includes a 6,880 sq ft lot and ample on-site parking with 16 spaces, providing convenience for both employees and clients. The building's prominent location offers views of the former Christmas Tree Shop, further enhancing its visibility and appeal. This stand-alone building presents a unique opportunity for businesses seeking a well-located, easily adaptable space in a thriving community. The property is ready for immediate occupancy and shows exceptionally well. The property type includes retail, land, and office space. The building is a single-tenant structure with one suite. The zip code is 02893.

• CAP approach

  CAP return

  Valuation

  6%

  $1,672,080

  6.5%

  $1,543,459

  7%

  $1,433,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,265,331

  Geo Method

  $2,265,331

• Alternative Use

  Use

  Valuation

  Residential

  $1,301,965

  Hospitality

  $1,192,593

  Educational

  $992,223

  Medical

  $1,026,348

  Retail

  $1,543,459

Location Insight

City

West Warwick

County

Kent

State

Rhode Island

Latitude

41.6893

Longitude

-71.5015

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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