18 Warwick Neck Avenue Warwick, RI 02889
Listing Courtesy of: RHODE ISLAND / Warwick & East Greenwich / Jill Weathers

  18 Warwick Neck Avenue Warwick, RI 02889

Pending (22 Days)
$479,900
3
BED
3
BATH
2,214
SQFT

Description

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!

MLS #:
1354537
Taxes
$10,404(2023)
Lot Size
0.28 acres
Type
Multifamily
Year Built
1885
County
Kent County
Community
Warwick Neck

Listed By

Jill Weathers, Warwick & East Greenwich
Source
RHODE ISLAND
Last checked Apr 23 2024 at 5:50 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
  • Half Bathroom: 1
Interior Features
  • Laundry: In Building
  • Insulation: Unknown
  • Plumbing: Mixed
  • Plaster
  • Walls: Dry Wall
  • Attic
Subdivision
  • Warwick Neck
Lot Information
  • Sidewalks
  • Paved Driveway
Property Features
  • Fireplace: Marble
  • Fireplace: 1
  • Foundation: Unknown
Heating and Cooling
  • Baseboard
  • Natural Gas
  • None
Basement Information
  • Utility
  • Common
  • Unfinished
  • Interior Only
  • Full
Flooring
  • Hardwood
  • Ceramic Tile
Utility Information
  • Sewer: None
Parking
  • No Garage
Stories
  • 2
Additional Listing Info
  • Buyer Brokerage Commission: 2%NS
Location
   
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Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved. 4/22/24 22:50