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382 Woodruff Avenue, South Kingstown, RI, 02879 | $629,000
Entrepreneur's dream!! Introducing a truly exceptional opportunity nestled in a charming residential neighborhood: an incredibly unique long-term hair salon with unparalleled potential. Boasting over 20 parking spaces, this property offers convenience and accessibility rarely found in such a prime location.
Strategically positioned just steps away from downtown amenities, including vibrant markets and delightful ice cream shops, this salon is not only a destination for beauty but also a hub of community engagement. Its proximity to the bike path adds to its allure, inviting patrons to easily integrate self-care into their daily routines.
With zoning that sets it apart from the ordinary, this property opens doors to a myriad of possibilities. Imagine the potential for expansion or diversification, subject to town approval, with the prospect of transforming this space into two distinct buildings to further enhance its value and functionality.
A true gem in the heart of the neighborhood, this property presents a rare opportunity to acquire a business that has stood the test of time, having not traded hands in over 30 years. And with the beach just a short drive away, the lifestyle amenities are endless, making this investment an irresistible proposition for savvy entrepreneurs and visionaries alike.
If you were to convert this property into a single family home, please reference MLS #if you want to make this a single family, please reference MLS ID: 1358918
Features
- Property Type: Commercial
- Construction: Other
- Parking: 22-car
- Heating: Baseboard
- Cooling: Wall Unit(s)
- Amenities: Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping
- Zoning: R-10
- Year Built: 1920
- Acreage: 0.07
- Est. Taxes: $3,690
- MLS#: 1369208
- Website: https://www.raveis.com
/prop/1369208/382woodruffavenue_southkingstown_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
382 Woodruff Avenue, South Kingstown, RI, 02879
$629,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $503,200 | $503,200 | $503,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 5.990% | 4.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.398% | 6.161% | 5.152% |
| Monthly Tax Payment | $308 | $308 | $308 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,058 | $3,014 | $3,947 |
| Total Monthly Payment | $3,458 | $3,414 | $4,347 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB