Restaurant Building in High-Traffic
1296 Cranston Cranston, RI 02920
1296 Cranston, Cranston, RI, 02920
$150,000
Pending
For Sale
$150,000
Pending
Restaurant property in a high-visibility, high-traffic location.
Property Size669 SF
Days on Market108
Property Features for 1296 Cranston
General Information
- Standard status
- Pending
- Size
- 669 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agency
RE/MAX REAL ESTATE CENTER
(401) 823-7600
Listed by
ROBERT CRUDALE
Source
Corcoran
Added: Apr 6 Updated: Jul 10 at 12:30PM Checked: Jul 22 at 8:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX REAL ESTATE CENTER
Investment Insights
Based on property information with market context.
This stand-alone building is currently used as a restaurant with take-out service. The property is situated in a high-traffic area with high visibility. It features ample parking and multiple access points for convenient entry and exit. A successful, long-standing, and well-known business is currently operating on the premises and desires to remain. The property is to be sold as a package with another property located at 18 Standish Ave, Cranston, RI, 02920.
Key Highlights
- High‑traffic location with high visibility
- Stand‑alone building currently used as a restaurant and for takeout
- Ample parking with multiple access points
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.0k | $18.00 |
| − Vacancy | −$1.2k | −$1.85 |
| EGI | $10.8k | $16.15 |
| − OpEx | −$2.7k | −$4.04 |
| NOI | $8.1k | $12.11 |
669 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$115.8K
$101.3K – $135.1K
NOI $8,103 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$159.1K
$139.2K – $185.7K
NOI $11,139 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dee's Deli
Food Market
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant property in a high-visibility, high-traffic location.
Where is this conventional restaurant located?
The property is located at 1296 Cranston Cranston, RI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: High‑traffic location with high visibility; Stand‑alone building currently used as a restaurant and for takeout; Ample parking with multiple access points
