2291 West Shore Road, Warwick, RI, 02889 | $400,000

This multi-unit commercial property presents an exciting opportunity that is well-suited for a variety of business ventures. With a flexible and adaptable layout, it features three well-maintained units, each equipped with its own private bathroom and separate electric meters. With approx. 15 dedicated parking spaces, this property offers ample parking and convenience for both business owners and customers. An added bonus - an oversized garage space provides an opportunity for additional rental income or secure storage. Located near Oakland Beach and Warwick Neck, this property has a history of diverse uses, including a tattoo shop, locksmith, office space, and coffee shop. Whether you're looking to establish your own business or expand your investment portfolio, this space is ready for your vision. Seize this opportunity and bring your ideas to life!

Features

  • Property Type: Commercial
  • Permitted Use: Medical/Dental,Office,Retail
  • Construction: Frame,Masonry
  • Utilities: Electricity Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
  • Parking: 15-car
  • Amenities: Golf,Marina,Near Schools,Public Transportation,Recreation Area,High Traffic Location,Street Lights,Sidewalks
  • Units: 3
  • Year Built: 1955
  • Est. Taxes: $8,986
  • MLS#: 1395564
  • Website: https://www.raveis.com
    /prop/1395564/2291westshoreroad_warwick_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Cristy DowStrategic Growth Manager

203.450.7258

Cristy.Dow@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Joseph HartleyInsurance Sales Director, William Raveis Insurance

954.729.6530

Joseph.Hartley@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2291 West Shore Road, Warwick, RI, 02889

$400,000

Cristy Dow

Strategic Growth Manager

William Raveis Real Estate

Phone: 203.450.7258

Cristy.Dow@Raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $320,000 $320,000 $320,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.375% 5.490%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.345% 6.533% 5.783%
Monthly Tax Payment $749 $749 $749
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,893 $1,996 $2,613
Total Monthly Payment $2,717 $2,820 $3,437

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.