382 Woodruff Ave, South Kingstown, RI 02879
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R10 · South Kingstown, RISouth Kingstown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
