New World Realty

422 Post Rd, Warwick, RI 02888



Type of Comm.
Lot Size
Great office building located on a corner lot on a busy intersection with traffic control. Over 45,000 cars drive by this building a day! Building features 3 levels including the ground level, state of the art wheel chair access to the entire building, and an updated fire system for the building. All electric heat (12 zones - 1 zone for each unit), separate electric meters, separate ac units for each tenant. 3 phase electrical system w/ 640 electrical voltage. Only expenses are insurance, taxes, water/sewer, and maintenance. Email the listing agent for a copy of the income/expense sheet. Second floor (4 units) and 75% (3 units) of first floor will be vacant at closing. Seller will entertain renting out units prior to closing.
Open House
No scheduled Open Houses
Lot Size: 33,908.00
Acres: 0.78
List Price: $1,100,000
Type: Commercial
Type of Comm.: Office
Status: Active
Stories: 3
Buildings: 1
Total Units: 4
Total Sq. Ft.: 14,911
Year Built: 1915
Approx. GLA: 14,911
MLS#: 72548975
Acres: 0.78
Lot Size: 33,908.00
Parking Spaces: 50
Parking Features: 21+ Spaces, Paved Driveway, On Site
Construction: Brick
Roof Material: Rubber
Site Condition: Dry, Level, Open
Traffic Count: 45,000
Location: Free Standing, Interstate, Highway Access, Public Transportation, Corner Lot
Utilities: Public Water, Public Sewer
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $437,400
Assessed Land Value: $75,000
Exchange: No
Gross Annual Expenses: $25,482
Gross Annual Income: $61,200
Taxes: $15,982
Tax Year: 2018
Net Operating Income: $56,118
Book/Page: 6823/188
Lease Price Includes: Building, Land
Sublet: No
Total Assesed Value: $512,400
Zone Description: Legal Conforming
Office Sq. Ft.: 14,911
Office Units: 12
Disclosure Declaration: No
For Lease: No
Lease Type: Gross
Space Available: For Sale
The listing office is New World Realty and the listing agent is Koury Signoriello Realtor Group. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
Koury Signoriello Realtor Group
Koury Signoriello Realtor Group
New World Realty