18 - 16, 20 Warwick Neck Avenue Warwick

$470,000
3 2.1 2,214 sq ft

The Property

Attention savvy investors and business owners! This mixed-use property includes a 2214 sq.ft. 2-Family and a 924 sq. ft. commercial building on a 1/4 acre lot with frontage on two streets.

For the business owner, this high-visibility location at the top of Warwick Neck Avenue offers great exposure to the Warwick Neck community and beyond. Ideas include a florist, landscaper, ice cream shop, salon and more – buyer to verify/conduct their due diligence. For the investor, new housing legislation presents the opportunity to convert the commercial building into a third residential unit. The two-family has lengthy rental history and a long-term, month-to-month tenant on the second-floor which could be converted into a two-bedroom unit. Interior highlights include high ceilings that add a sense of volume to the living spaces, a living room fireplace on the first-floor and hardwood floors throughout. The commercial building is a blank canvas that has been updated with 200-amp electrical service, has an operational cooler, and a lavette. The property is connected to sewers with no outstanding assessment, utilities are separate, and the roof is young on both buildings. Whether you’re looking for a project to re-develop and maximize its earning potential, a great location for your business, or an owner-occupant in search of a solid home that generates good income, this could be it!

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Listing Details

MLS Number

1354537

Lot Size:

0.28 acres

Features

  • Basement: Full
  • Shingles
  • Wood
  • Fireplace: Marble
  • Heating: Baseboard
  • Heating Fuel: Gas
  • Laundry
  • Paved Driveway
  • Sidewalks
  • Type: Up/Down
  • Year Built: 1885
  • Water Amenities: Flood Insurance

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Listed by Williams & Stuart Real Estate

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