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1251 Warwick Avenue Warwick, RI $ 3,500,000
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1251 Warwick Avenue
$ 3,500,000
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1251 Warwick Avenue

Warwick, RI, 02888
$ 3,500,000
Baths0.0 Sq 9,064

Monthly Estimate*

$ 20,962

1251 Warwick Avenue, Warwick, RI 02888 - Image 1
Studio

Commercial Property for sale in Warwick, RI

for $3,500,000. This 9,064 square foot building was built in 1940 on a lot size of 0.82.

Beloved, and long established restaurant on high traffic corner with plenty of parking, (40+ spaces), and steady cash flow. All buildings, business, equiptment, pos, and furniture transfer with the sale! There is unused space which could be made into a private banquet/function room as well as additional loft space that is has possbilities/bones with for a residential unit. Connections for future expansion and a partial bath exist in the unit now. Equiptment is in good shape and cleanliness and organization are visibly apparent! Take over this iconic landmark and put your fresh vision on it. Experienced and close knit staff hope to stay on. Professional pictures coming soon.

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Commercial Active

Price

$ 3,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 20,053

Style

Commercial

Lot Size

0.82

Year Built

1940

Town/City

Warwick

County/Region

Kent

MLS | Web ID

1368802
Features
General
Sewer Connected
Heating ForcedAir
Utilities ElectricityAvailable NaturalGasConnected MunicipalUtilities PhoneAvailable WaterConnected SewerConnected
Zoning MDL-94
Security Features BuildingSecurity ClosedCircuitCameras CarbonMonoxideDetectors FireAlarm FireSprinklerSystem
Construction Materials Brick Frame Masonry Steel
Year Built 1940
Electric Item200AmpService
Property SubType Commercial
Tax Year 2023
Business Type Restaurant
Community Features HighwayAccess NearSchools PublicTransportation Shopping
Business Name Governor Francis Inn
County Kent
New Construction N
Property Type CommercialSale
Home Owner Assoc N
Attached Garage N
Possible Use Commercial MixedUse Residential Retail Warehouse
Garage Y/N N
Status Active
City Warwick
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 1
Lot Size Units SquareFeet
Lot Size Square Feet 35719.2
Waterfront Y/N N
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 20053.44
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 10
Standard Status Active
Tax Assessed Value 791900
Tax Lot 0568
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Interior
Basement Partial
Total Stories 0
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 9064.0
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Connected Public
Total Parking 50.0
Lot Size Area 35719.2
Foundation Details ConcretePerimeter
Number of Buildings 2
Spa N
Building Area Total 9064.0
Lot Size Acres 0.82
Road Surface Type Asphalt
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1251
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* Excluded Features
List By
Conway Commercial Group

Broker

jmillerbusinesses@gmail.com

Email

Affordability Calculator

$22,633
Per Month
93%
7%
0%
Monthly Principal & Interest
$20,962
Monthly Property Taxes
$1,671
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/16/2024$3,500,000 Listed Price

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1251 Warwick Avenue, Warwick, RI, 02888 is a Commercial Property for sale at $3,500,000 with 9,064 sqft and a lot size of 0.82. 1251 Warwick Avenue is a studio with 0.0 baths and was built in 1940. The property's zip code is 02888 which is in Warwick, RI

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