CCertihomes
2362 West Shore, Warwick, RI 02889

$950,000

0 beds 0 baths Built 1968Active

About this home

6 unit commercial building with extra lot conveying, add onto this building and site with plenty of parking and grow your empire here! High visibility location on West Shore Road, easily accessible from either traffic lane, this plaza comes with plenty of parking and room to expand your parking lot even further with the additional lot conveying with sale. Located directly across from Warwick Vets middle school, great neighborhood spot connected to a thriving residential neighborhood, absolutely perfect location for a retail investor. Longstanding tenants stabilize your acquisition, close, turn the key and start collecting rent with 5 of the 6 current units occupied. Separate electrical and heating for each unit, set up your triple net leases and don't sweat the small stuff while your tenants pay off your building. Or build your local business here in this location nearby not just the school and residential shoppers but also gas stations, "The big Dave's", florists, bakeries and other established businesses that will bring traffic by your sign! This is a one of the best commercial investments in town, lets earn a buck, serving and building the community together!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$9,831/mo

Real estate (PITI + HOA + PMI)
$7,267
Principal + interest$4,309
Property tax + insurance$2,602
PMI / 2nd mortgage$356
Utilities
$5,342
Heating + cooling$2,518
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$154
Car insurance + maintenance$154
Other (entertainment)
$140
$9,831/mo TLC
Budget$10,331/mo
Remaining after TLC$500/mo
Purchase price
$950,000
Down payment
$47,500 (5%)
Loan amount
$902,500
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1968
Lot size
Stories
1
Heating
Forced Air
Cooling
Central Air
Water
Connected
HOA
Annual tax
$15,153
MLS #
1316143
County
Kent

At a glance

Air conditioning
Basement

Home features

Interior
Ceiling Height: 7-9 Ft
Sewer
Connected

Lot features

Paved, Shopping Mall, Strip Store, Suburban

Neighborhood — 02889

MetricThis ZIPCountyUSA
Population32,2811,095,423299,088,112
Population Change Since19904.00%9.00%20.00%
Population Density3,701994
Male15,656529,266147,432,321
Female16,625566,157151,655,844
Never Married6,760266,40463,775,926
Married14,360435,678123,120,365
Separated72143,64212,639,686
Widowed1,82866,66815,467,586
Divorced2,75583,84323,075,029
Number Of House Hold11,594410,399111,826,380
Average House Hold Size2.772.562.60
Medial Age38.7937.2735.46
Median House Hold Income$52,766$47,553$48,276
Average House Hold Income$62,081$61,609$63,629
P C I$22,703$23,965$24,529
M D I$44,392$40,634$41,133
A T H E$50,288$49,940$50,898
S T R7.00%7.00%
W C J75.98%78.02%77.74%
(Zip) Code
2889

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 7/26/2022. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.