Commercial at 53 Providence Street, West Warwick
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23 photos

$2,650,000

53 Providence Street
West Warwick, RI 02893
Listed by Theary Alves
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1974

About this home

PRIME INCOME-PRODUCING COMMERCIAL ASSET, An exceptional opportunity to acquire a fully occupied 8-unit commercial property generating over $200,000 in annual gross revenue. Offered at $2.65 million, this stabilized asset provides immediate income from day one with an established tenant base and compelling long-term investment potential. Strategically positioned near the Route 2 commercial corridor in Warwick and convenient to Downtown West Warwick, the property benefits from strong traffic exposure, excellent accessibility, and proximity to major roadways, businesses, shopping, and surrounding amenities. Ample on-site parking further strengthens tenant and customer convenience. With 100% occupancy, substantial existing revenue, and a highly accessible commercial location, this property presents investors with an opportunity to acquire a performing asset with strong cash-flow characteristics and future appreciation potential.

Property details

MLS #
1422877
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
September 15, 2026
Stories
1
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
18
Lot size
0.763 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
John F. Horgan School
0.34 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
481
Student:teacher ratio
14.1:1
District
West Warwick
Middle
John F. Deering Middle
0.22 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,087
Student:teacher ratio
12.5:1
District
West Warwick
High
West Warwick High School
0.24 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,044
Student:teacher ratio
13.4:1
District
West Warwick

Walkability

Blended score for West Warwick's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

73
Walkable
out of 100
EPA National Walkability Index
13.0 / 20 -- Above average walkable
Nearby-amenity density
85 / 100
Restaurants & cafes20
Grocery stores2
Parks4
Schools6
Transit stops20
Pharmacies1

Market position

How this listing compares to current activity in West Warwick, from live MLS data.

On the market 0 days -- 35 fewer days than West Warwick's current average of 35 days.
For reference, the median list price across 169 active listings in West Warwick right now is $435,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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Est. monthly payment
$16,109/mo
$530,000 down
$2,120,000 loan
Principal & interest$13,750
Property tax (est.)$2,208
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 9 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.