Turnkey Restaurant Opportunity with Extra
146 Gansett Avenue Cranston, RI 02910
146 Gansett Avenue, Cranston, RI, 02910
$749,000
For Sale
$749,000
Turnkey restaurant with equipment, furniture, and extra lot included.
Property Size2,802 SF
Price / SF$267.31
Days on Market285
Property Features for 146 Gansett Avenue
General Information
- Standard status
- Active
- Size
- 2,802 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agency
Maxwell Realty
(401) 454-9050
Listed by
Olivia Ma
(401) 454-9050
Source
Liongatere
Added: Oct 10, 2025 Updated: Jul 10 at 1:18PM Checked: Jul 20 at 4:49AM
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 Maxwell Realty
Investment Insights
Based on property information with market context.
This is a freestanding, turnkey restaurant or food service building with an additional lot on Flint Avenue. The 2,802-square-foot building, which can accommodate up to 100 people, previously housed an established restaurant serving Asian cuisine with a liquor license for over 20 years. The layout includes an office, a private banquet/event room, a liquor bar, two restrooms, and a sushi bar. A full 1,948-square-foot basement provides storage space and includes one restroom. The property has parking spaces. The price includes all furniture and kitchen equipment. The location offers high visibility with busy traffic volume and is near the Cranston YMCA, recreational parks, schools, banks, and other commercial establishments. The property is suitable for immediate takeover to run a restaurant or can be revamped for various food service and restaurant concepts.
Key Highlights
- Turnkey restaurant opportunity with all furniture and kitchen equipment included.
- Includes a liquor license and sushi bar.
- High‑visibility location with busy traffic volume near Cranston YMCA, parks, schools, and banks.
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 | $50.4k | $18.00 |
| − Vacancy | −$5.2k | −$1.85 |
| EGI | $45.3k | $16.15 |
| − OpEx | −$11.3k | −$4.04 |
| NOI | $33.9k | $12.11 |
2,802 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$484.8K
$424.2K – $565.6K
NOI $33,938 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$666.5K
$583.2K – $777.6K
NOI $46,655 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ichiban Restaurant
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant with equipment, furniture, and extra lot included.
Where is this conventional restaurant located?
The property is located at 146 Gansett Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity with **all furniture and kitchen equipment included**.; **Includes a liquor license and sushi bar**.; High‑visibility location with busy traffic volume near Cranston YMCA, parks, schools, and banks.
