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29511710
29511709

103 Glenham Ave, Warwick, RI 02886

JB
RI RI REB.0010208
Butler Realty Group
Listed by Butler Realty Group
$1,250,000
142 days on market
Updated 75 days ago

RI Airport/Train Intermodal City Centre District

Details
Property Type Hospitality, Office (+2)
Sub Type Airport
Square Footage 6,900
Net Rentable (SqFt) 6,900
Units 2
Cap Rate 6%
NOI $75,000
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Expiration 09/30/2026
Remaining Term 0.3
Rent Bumps Yes
Pro-Forma Cap Rate 7.2%
Pro-Forma NOI $90,000
Price per SqFt $181
Broker Co-Op Yes
Class B
Year Built 1970
Year Renovated 2021
Buildings 1
Stories 1
Lot Size (SqFt) 10,003
Zoning Intermodal District
Parking Spaces 10 spaces
Parking Per SqFt 1.45
Investment Type Owner/User
Tenant Credit No Credit Rating
Occupancy Date 04/01/2027
Ceiling Height 16
Dock High Doors 2

Rare Opportunity 6900' Retail/Warehouse - City Centre Intermodal Zone, 2 unit flex space

Marketing description

Clean, well built, 2 unit flex space in Warwick's City Centre, Intermodal Redevelopment District. Just steps from parking garage, airport, train station, Rt. 95, restaurants, and hundred of rooms and new apartments. Special District zoning allows many uses, but no industrial. New in 2022: lighting, paint inside and out, flooring, fans, heat upgrades, electric, upgrades. Great income or owner occupied. Lease/tenant negotiable.

The site to the south is planned for a 200+ room extended stay, over 200 new apartments just built at the onramp; and this recent announcement:

Warwick Beacon article about former Leesona site, 297 apartments, restaurant, and parking garage on Jefferson Blvd. https://www.facebook.com/WarwickBeacon/posts/michael-integlia-is-ready-to-dig-into-the-development-that-could-be-the-keystone/1142303174573409/

City Centre/Intermodal District : allows building up to 5 stories, encourages retail, restaurants, cafe's, and walkable community

https://www.citycentrewarwick.com/news-and-events

Learn more about this area's developments:

https://www.google.com/search

q=what+new+developments+are+planned+for+Rhode+Island+%2FGreene+State+Airport+area%2C+also+known+as+Intermodal+district%2C+and+city+centre%3F&sca_esv=70ae562eabb258c3&udm=50&fbs=ADc_l-aN0CWEZBOHjofHoaMMDiKp0UJuhqwKhR0QUhF54-6jIZ4fQLFxpd-X3cjBjwn-bveY3JtHHw9t0-P88yah9ue3UfvSjKCxfhocWx9tszCeWrLv-lowAONU4C7LkqSa-ZpHcPUHYOzGY9vMPG3tz3AYybnFPdI5Oe4UwrVSWV81c3JCJdIlesl20oBxkSx1dr5vHi7bncBdNtbTp954g66xZ6DaYQ&aep=1&ntc=1&sa=X&ved=2ahUKEwiUjN2R9YOSAxUEQjABHZa8KNoQ2J8OegQIFBAE&biw=1920&bih=953&dpr=1&aic=0&mstk=AUtExfB1RpTHdrczaQdDrEBqQexkf01a-yzcLIWGJG5lWHJdGW3fVQ3P7uFhwninl_YFZSYxV2t1UFWgoyN-0G_Vnbyx3O-RRI9Bd0BXdMox_3i6yUf7CDaqtEqUYGD-eeLC44U7yK7qwNJ4xyBZWhZ3r0OpNNNDQIb-lAA&csuir=1

Listing Contacts

JB
RI RI REB.0010208
Butler Realty Group
Listed by Butler Realty Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$75,000.00
$6,250.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

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IM SpecialWarwick Station Intermodal District
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View all 144 uses
View all 144 uses
Last updated Jun 4, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jeff Butler
License
RI REB.0010208
Brokerage Phone
4017423448
Title
B10208
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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