388 Child St - Freestanding FOR SALE


Warren, RI 02885
$149,900,000 USD
401-465-0417
388 Child St, Warren, RI for Sale
$149,900,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

388 Child St
Warren, RI 02885


HIGHLIGHTS

  • Mixed-use property featuring three separate buildings, offering a combination of commercial and residential units for diverse income streams.
  • Highly visible corner location at Child Street and Metacom Avenue in the heart of Warren, ensuring strong traffic exposure and accessibility.
  • Includes an oversized detached garage and ample parking with convenient access from Metacom Avenue.
  • Zoned Village Business District (VB), allowing for a wide range of potential uses such as retail, office, restaurant, or residential.
  • Each building/unit has separate utilities, and the property benefits from young roofs and various updates
  • Unique opportunity to reopen or reimagine a vintage bar space with expansion potential, adding character and versatility to the property.

OVERVIEW

Calling all Investors looking for a Value-Add multi-property purchase in the heart of Warren. Featuring 2 parcels, 5 buildings, a vacant lot, a detached garage, ample parking & excess land. The first parcel: 367 Child is a 2 unit commercial building most recently used as a retail storefront on the right and a time capsule bar on the left - absolutely awesome! Just reopen with the vintage bar & decor or make it a trendy speakeasy (expansion potential). 373 Child is a two family residential home with both units consisting of 2 beds & 1 bath each. 377 Child is a mixed use building with a commercial unit on the first floor (most recently used as an office) and a 2 bed / 1 bath residential unit on the second floor. The second parcel: 388 Child is an attractive three family Victorian with sizable 2-3 bedroom units on the 1st & 2nd floors and a 1 bedroom unit on the 3rd floor. The character and charm that abound this Victorian are endless and irreplaceable. 384 Child is a beautiful Colonial with soaring ceilings and charming period details. This home offers 4 bedrooms and is ready to be restored to its original glory. The vacant lot to the left of 384 Child already has a curb cut, all public utilities available and will likely provide a building site for another single or two family home. In addition there is excess land area behind the existing homes for another potential Cottage, ADU, Garage, etc. The buildings/units feature separate utilities, young roofs & other various updates.

FOR SALE DETAILS

PRICE

$149,900,000 USD

PRICE/SF

$4,097 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Property Mixed Use Portfolio

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

VB

APN/PARCEL ID

WARR-000012-000000-000068

ASK ABOUT THIS PROPERTY

Michael RussoRI Real Estate ServicesMore Info
401-465-0417

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Michael RussoRI Real Estate ServicesMore Info
401-465-0417

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