Property summary
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
VerifiedCap rate & NOI
Current use
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Hair Salon
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B · West Warwick, RI(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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B in West Warwick, RI.
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