128 COWESETT Avenue, West Warwick, RI, 02893 | $1,900,000
Prime Business Opportunity on High-Traffic Corner of Cowesett Ave, West Warwick! Unlock the potential of this highly desirable corner location on bustling Cowesett Ave, perfectly situated to capture steady traffic. This property houses multiple turnkey businesses ready to generate revenue from day one. Gas Station: Equipped with 4 dispensers and 8 nozzles for high-efficiency fueling, catering to the consistent flow of commuters in this busy area. Auto Service Station: Features 3 garage bays complete with power lifts, ideal for maintenance services and auto repairs. U-Haul Rental Business: Ready to serve local customers with a trusted moving solution, adding to the property's revenue streams. Propane Filling Station: Offers a convenient stop for propane refills, a great addition for local customers and travelers alike. Convenience Store: Stocked and ready to meet daily needs, this business adds significant customer draw, enhancing the site's overall value. With its prime corner location and well-established businesses, this property is a rare find and a powerful investment in the heart of West Warwick's commercial district. Seize this outstanding opportunity to own a multi-business location with high visibility and potential for growth! *Previous home was on the vacant land section of the property. Contact West Warwick Planner for relaxed building requirements for new construction homes now in effect. Due Diligence required for this matter.
Features
- Property Type: Commercial
- Permitted Use: Retail
- Construction: Brick
- Utilities: Cable Available,Electricity Available,Fiber Optic Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Phone Available,Water Connected,Sewer Connected
- Parking: 50-car
- Heating: Other
- Cooling: Partial,1 Unit
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),High Traffic Location,Street Lights
- Units: 1
- Year Built: 1972
- Acreage: 1.11
- Est. Taxes: $27,228
- Lot Desc: Corner Lot
- MLS#: 1372173
- Website: https://www.raveis.com
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
128 COWESETT Avenue, West Warwick, RI, 02893
$1,900,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
| Monthly Tax Payment | $2,269 | $2,269 | $2,269 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,870 | $9,607 | $12,827 |
| Total Monthly Payment | $11,264 | $12,001 | $15,221 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB