693 Providence St, West Warwick, RI 02893-1522
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.
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Salon Karma Hair Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B · West Warwick, RIWest Warwick. 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.