1050 Warwick Avenue

Office for Sale
Catylist Listing ID: 30467085
Property Subtypes: Medical, Office Building
Building Size (RSF): 7,700 SF
Gross Land Area: 32,844 SF
Sale Price: $875,000
Unit Price: $113.64 PSF
Property Use Type: Investment, Business
Building Name: 1050 Warwick Avenue Medical Building
Class of Space: Class C
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/17/2022

Overview / Comments

This property consists of 7,700 square feet with a number of small offices and examining rooms, waiting area and restrooms. The building is home to a medical practice and affiliated doctors and a Radiology office. Building also boasts a blood laboratory.

Second floor is unfinished and is used as file storage but could be finished with an addition of approximately, 2,600 square feet.

This building can be sold with the adjacent building at 1030 Warwick Avenue.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: Warwick
Tax ID/APN: Plat 302 Lots 441,2,6
Zoning: GB
Property Located Between: Warwick Avenue and Post Road
Property Visibility: Excellent
Highway Access: Located on Warwick Avenue just north of Hoxie Four Corners. Great access to Route 95 and Rout 37.
Airports: TF Green is minutes
Site Description: This stand-alone two-story building has 90 feet of frontage on Warwick Avenue and access from Waldron. Ample on-site parking in front, side and rea of this office/medical building. Parking for approximately 40 cars.
Area Description: Site is just north of the Intersection of Warwick Avenue and Airport Road, more commonly called Hoxie Four Corners. Surrounding properties are mostly office use, along with commercial buildings and residential uses on portions of Warwick Avenue and side streets.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,200 SF
Year Built: 1980
Year Renovated: 2000
Roof Type: Hip
Construction/Siding: Block
Exterior Description: This is a stand-alone, brick two-story building with 7,200 square feet with an additional 2,600 feet of unfinished space on the second floor which is currently used as storage. Building is in good shape with a brick facade and masonry block. Level lot and ample on-site parking.
Parking Ratio: 40 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample on-site parking for approximately 40+ cars. Access to parking is in the rear of this building.
Total Parking Spaces: 40
Sprinklers: Wet, Dry
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Consists of 7,700 square feet with numerous office, examining rooms, businesses and restrooms. A second tenant leases a blood lab. Interior is in great condition. Classified as Class "C" building. Second floor could be finished and used as rental space.
Zoning Description: Building is zoned GB - General Business.
Lot Frontage: 90 Ft on Warwick Ave and 300 feet on Waldron
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Plat 302 Lot 441,2,6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,151 109,436 279,593
Median Age: 43.75 40.48 38.8
Households: 5,562 42,830 109,062


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