382 Woodruff Ave South Kingstown, RI 02879
- Showrooms
- 1,338 SF
- 0.30 lot acres
Current Use by Public Records
- Showrooms
Property Details for 382 Woodruff Ave
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.30 lot acres
- Property size
- 1,338 SF
- Zone code
- R10
- Property type
- Showrooms
- APN
- SKIN P:057-4 L:000123
- APU
- SKINP0574L000123
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $250,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $280,000
- Mixed-Use
- $220,000
- Hospitality
- $245,000
- Educational
- $240,000
- Residential Income
- $255,000
- Energy
- $240,000
- Income-Based Land
- $255,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- South Kingstown
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.4956
- Latitude
- 41.4374
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA