71 Tiogue Avenue West Warwick

$600,000
3,120 sq ft

The Property

ESTABLISHED LAUNDROMAT & COMMERCIAL REAL ESTATE! Rare opportunity to own both an established, operating laundromat business and the commercial real estate it occupies at 71 Tiogue Avenue in West Warwick! Situated along a well-traveled commercial corridor with excellent visibility and convenient access to Coventry, Warwick, and surrounding communities, this versatile property offers an attractive combination of existing business operations and future income potential. The building features two separate storefronts. One is home to an established laundromat serving the surrounding community, benefiting from consistent customer traffic, repeat clientele, and the ongoing demand for essential laundry services. This turnkey business opportunity allows a new owner to take over an existing operation while building equity in the real estate.

The second storefront, formerly a convenience store, is currently vacant and ready for its next chapter! This additional commercial space offers tremendous flexibility for an owner looking to expand operations or an investor seeking to generate rental income. Potential uses include a convenience market, coffee shop, retail storefront, professional office, salon, or other service-based business, subject to applicable approvals. The opportunity to lease the vacant storefront creates the potential for an additional revenue stream without interfering with the existing laundromat operation.

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Listing Details

MLS Number

1425697

Lot Size:

0.28 acres

Features

  • Basement: Full
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Heating: Forced Air
  • Heating Fuel: Forced Air
  • Laundry
  • Paved
  • Free Standing
  • Suburban
  • Year Built: 1970

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Market Trends for Commercial/Business,Commercial Sale
in West Warwick

  • Overview
    Homes for Sale Today16-23.8% decrease in inventory
    New on Market *4100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$257.64$62 increase in List Price/Sq.Ft.
    Avg. Sale Price *$479,667$115,333 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *87.37%-12.6% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$152.84$26 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *74245 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by JPAR-Premier Destination Rlty
Phone: 401-388-4830

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