681 Providence StWest Warwick, RI 02893

Property Details for 681 Providence St

Year built

1931

Property size (Sq ft)

4,092 SF

Property type

Residential income properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property in West Warwick, Rhode Island, presents a unique investment opportunity. Located at 681 Providence Street, this 4,092 square foot building sits on a generous 14,810 square foot lot and boasts a rich history, having been built in 1931. The property comprises two buildings, each two stories high, and includes three units. Two of these units are one-bedroom residential apartments, currently generating income below market rates. The main level of the primary building is currently leased to a dance school, while the lower level is perfectly suited for a ghost kitchen or catering business. The property also includes a fully operational bar and restaurant with an existing liquor license and a fully equipped kitchen. An additional lot is included in the sale, providing ample off-street parking and significant potential for future multi-family development. All utilities have been updated. This turnkey operation offers immediate income generation with significant upside potential for increased rental income and further development. The asking price is $479,900. This is a rare opportunity to acquire a well-established, mixed-use property in a desirable location with significant growth potential. The property's diverse income streams and substantial lot size make it an attractive investment for both seasoned and new investors. Don't miss this chance to own a piece of West Warwick's vibrant commercial landscape.

Location Insight

City

West Warwick

County

Kent

State

Rhode Island

Latitude

41.7189

Longitude

-71.4918

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