27 Pike St - Storefront Retail/Residential FOR SALE


West Warwick, RI 02893
$1,499,900 USD
401-447-8397
27 Pike St, West Warwick, RI for Sale
$1,499,900 USD
Storefront Retail/Residential - FOR SALE
1/53
null | 7.73% Cap Rate

27 Pike St
West Warwick, RI 02893


OVERVIEW

Exceptional Multi-Building Investment Opportunity. Whether you're expanding your portfolio or seeking a versatile mixed-use investment, 21–27 Pike Street offers instant, strong cash flow, multiple income streams, and additional value-add potential in one unique package. Property featuring 7 occupied residential units and 1 commercial unit across three separate buildings. The property consists of one two-family building with up-and-down units; one duplex with two residential units; one mixed-use building featuring 3 residential units, 1 commercial storefront (formerly operated as a bakery), and additional finished space with the potential to be converted into another rental unit, subject to buyer due diligence and approvals. All residential units are currently occupied, providing immediate rental income. The commercial space is vacant, creating an excellent opportunity for an owner-user, investor, or business tenant to maximize returns. The additional finished space presents further upside for those seeking to increase the property's revenue potential.

FOR SALE DETAILS

PRICE

$1,499,900 USD

PRICE/SF

$254 USD /SF

CAP RATE

7.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

B

APN/PARCEL ID

WWAR-000018-000045-000000

ASK ABOUT THIS PROPERTY

Cindy CroteauHomeSmartMore Info
401-447-8397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Cindy CroteauHomeSmartMore Info
401-447-8397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.