18 Warwick Neck Avenue Warwick, RI 02889
Attention savvy investors and business owners! This mixed-use property includes a 2214 sq.ft. 2-Family and a 924 sq. ft. commercial building on a 1/4 acre lot with frontage on two streets. For the business owner, this high-visibility location at the top of Warwick Neck Avenue offers great exposure to the Warwick Neck community and beyond. Ideas include a florist, landscaper, ice cream shop, salon and more - buyer to verify/conduct their due diligence. For the investor, new housing legislation presents the opportunity to convert the commercial building into a third residential unit. The two-family has lengthy rental history and a long-term, month-to-month tenant on the second-floor which could be converted into a two-bedroom unit. Interior highlights include high ceilings that add a sense of volume to the living spaces, a living room fireplace on the first-floor and hardwood floors throughout. The commercial building is a blank canvas that has been updated with 200-amp electrical service, has an operational cooler, and a lavette. The property is connected to sewers with no outstanding assessment, utilities are separate, and the roof is young on both buildings. Whether you're looking for a project to re-develop and maximize its earning potential, a great location for your business, or an owner-occupant in search of a solid home that generates good income, this could be it!

property details
Interior Features
Ceramic Tile
Exterior Features
No Garage
Utility & Building Info
20WARWICKNECKAVWARW
Baseboard
Price History
date | event | price | source |
---|---|---|---|
04/26/2024
04/26/2024
|
Sold |
$470,000
|
State-Wide MLS/Rhode Island Assoc of Realtors |
04/01/2024
04/01/2024
|
Pending |
$479,900
|
State-Wide MLS/Rhode Island Assoc of Realtors |
03/31/2024
03/31/2024
|
Active |
$479,900
|
State-Wide MLS/Rhode Island Assoc of Realtors |
Market Trends
Source: Constellation1
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