Property profile

681 Providence St West Warwick, RI 02893

FOR SALE
Retail properties & Spaces
Property ID
US76-0098526
4,092 SF Built 1931
Entity Owned 1-yr Hold
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1931
Total area 4,092 SF
UPID US76-0098526

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advocacy Group Social Service Agency

Location

681 Providence St West Warwick, RI 02893
West Warwick metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2025
$465,000
2023
$300,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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