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2199 Post Road includes 2 lots ideally located on a . 29 acre corner along one of Warwick's most prominent commercial corridors, offering exceptional visibility directly across from T. F. Green International Airport. This high exposure location provides strong brand presence, easy accessibility, and significant potential for owner users, investors, or developers seeking a strategic foothold in a high demand commercial zone. Historically configured as a salon, the building's flexible layout supports a wide range of uses permitted under General Business zoning including: medical, wellness, office, restaurant, retail, and care related services. Additional density or hotel use may be achievable with appropriate variances, as reflected by recent nearby development activity including apartments, hotels, and larger commercial projects. Buyers are encouraged to perform their own due diligence. The property also features a 2nd floor owner/operator's suite with kitchenette, suitable for on site management or executive office space. The lower level provides valuable expansion potential for additional operations or future build out. With immediate access to Route 37, I 95, and the airport, this stretch of Post Road benefits from steady daily traffic, a strong surrounding commercial base, and long standing consumer demand.
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$775,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $620,000 | $620,000 | $620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $821 | $821 | $821 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,424 | $3,668 | $4,943 |
| Total Monthly Payment | $4,337 | $4,581 | $5,856 |
* 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.