West Warwick Mixed Use For Sale

131 Washington Stret West Warwick, RI 02893

FOR SALE
Property Type:
Free Standing Building
Amount:
$799,000
Last Verified:
Jan 22, 2021


Description

Large mixed use property in the heart of Downtown Arctic. Four 3 bedroom apartments along with full service leased restaurant Tenant in place on ground level. Solid building with definite upside potential as current residential rents are below market value. BUSINESS IS NOT FOR SALE. Please do not approach employees. Can also be sold with MLS#1262483

Downtown Arctic


Year Built: 1986
Building Size: 7050sq ft
Lot Size: 0.11 acres

Map of 131 Washington Stret, 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.