Property profile

693 Providence St West Warwick, RI 02893

OFF-MARKET
Showrooms
Property ID
US76-0127718
360 SF 0.02 ac lot Built 1935
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional West Warwick, RI property at 693 Providence Street presents a unique investment opportunity. Priced at $179,900, this mixed-use offering encompasses a 360 square foot storefront building situated on a substantial 4,835 square foot lot. Currently operating as a hair salon, the building's versatile nature lends itself to a variety of service-oriented businesses. The single-story structure, built in 1935, is one of two buildings on the lot, offering significant potential for expansion or redevelopment. The property's zoning allows for multiple uses, including the possibility of developing additional multi-family units on the ample land. This turnkey operation eliminates the need for extensive renovations, allowing for immediate occupancy and revenue generation. The property's location in West Warwick, RI, within Kent County, offers convenient access to local amenities and a strong customer base. The address is 693 Providence Street, West Warwick, RI 02893. This is an ideal opportunity for entrepreneurs seeking ownership rather than leasing, providing a solid foundation for long-term growth and profitability. The property's size and location make it a highly attractive investment, offering both immediate income and significant future development potential. Don't miss this chance to acquire a thriving business and valuable real estate in a desirable Rhode Island location.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1935
Construction FRAME
Total area 360 SF
Lot 0.02 ac (871 SF)
Zoning code B
APN WWAR 041-0083-0-000
UPID US76-0127718

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
  • Hair Salon

Location

693 Providence St West Warwick, RI 02893-1522
West Warwick metro Census 20500 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$75k

Owner & transaction history

since 2025
Last sale
$78,500
4 recorded transactions
2025
Price N/A
2025
$78,500
2024
Price N/A
2009
$1

Zoning & alternative use

B · West Warwick, RI
Zoning description

(b) Signs which advertise an activity, business, product or service no longer produced or conducted on the premises upon which the sign is located. No such sign shall remain in place or on vacated premises for more than…

General category CIVIC_INSTITUTIONAL

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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