West Warwick Mixed Use

125 Washington St West Warwick, RI 02893

FOR SALE
Property Type:
Free Standing Building
Amount:
$519,000
Last Verified:
Jan 22, 2021


Description

Mixed use commercial property located in downtown Arctic, featuring 4 residential units consisting of Three 2 bedroom units and one 3 bedroom unit. The two ground level commercial units are currently combined for one tenant. There is upside potential as the current rents are below market value. Can also be sold with MLS#1262922 as a package.

Washington Street

Building Size: 7964sq ft
Lot Size: 0.09 acres

Map of 125 Washington St, West Warwick, RI, 02893

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.