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    382 Woodruff Ave South Kingstown, RI 02879

    For Sale
    $599,000

    Prime RI storefront, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional South Kingstown, RI property at 382 Woodruff Avenue presents a unique investment opportunity. The 3,068 square foot lot features a single-story, 1920-built building currently configured as a storefront, previously operating as a long-term hair salon. The property boasts over 20 parking spaces, a significant advantage in this desirable location. Its prime position near downtown amenities, including markets and ice cream shops, and proximity to a bike path, ensures high visibility and accessibility. Zoning allows for diverse uses, potentially including expansion or subdivision into two separate buildings (subject to town approval). This property has enjoyed consistent ownership for over 30 years, offering a rare chance to acquire a well-established business or redevelop a highly desirable site. The property's location offers easy access to the beach, adding to its overall appeal. The asking price is $599,000. While currently configured as a commercial storefront, alternative uses are possible, including conversion to a single-family home (refer to MLS ID: 1369307 for details on that option). This is an ideal opportunity for entrepreneurs and investors seeking a versatile property in a thriving Rhode Island community.

    Property Features for 382 Woodruff Ave

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    1

    HighLights

    • 3,068 SF lot with a 1920 single‑story building, previously a hair salon.
    • Over 20 parking spaces.
    • Prime South Kingstown location near downtown amenities and a bike path.
    • Zoning allows for diverse uses, including potential expansion or subdivision (subject to town approval).
    • $599,000 asking price.
    • Alternative uses possible, including residential conversion (see MLS ID: 1369307 for details).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Kingstown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.495136
    Latitude
    41.4374087

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    FAQs

    What type of property is this?
    Individual retail property - Prime RI storefront, high potential.
    Where is this individual retail property located?
    The property is located at 382 Woodruff Ave South Kingstown, RI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 3,068 SF lot with a 1920 single-story building, previously a hair salon.; Over 20 parking spaces.; Prime South Kingstown location near downtown amenities and a bike path.
    Request Owner's contact information
    382 Woodruff Ave South Kingstown, RI 02879
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    382 Woodruff Ave South Kingstown, RI 02879
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