Established Bar/Lounge
For Sale
Contact for pricing
727 Cranston Street, Providence, RI 02907
Turnkey bar/lounge for sale with equipment and parking.
Property Size2,400 SF
Price / SF$218.75
Days on Market266
Property Features for 727 Cranston Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Special Purpose
Listing Agency:
Century 21 The Seyboth Team
Listed By:
Kyle Seyboth · License #RI, MA
(508) 726-3492
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Aug 8 at 3:20PM
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 Century 21 The Seyboth Team
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, currently operating as a bar/lounge, offers a 2,400 square foot space. The property includes a paved parking lot with 30 parking spots. The sale is a turnkey opportunity, including all equipment and supplies. This established business has a loyal clientele and a thriving business model.
Key Highlights
- Established bar/lounge business with loyal clientele.
- Turnkey operation includes all equipment and supplies.
- Prime commercial location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,597
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,940
$851.9K
Cap Rate 7%
$608,529
$608.5K
Cap Rate 9%
$473,300
$473.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$59.0K $24.60/SF
− Vacancy
−$2.2K −$0.93/SF
EGI
$56.8K $23.67/SF
− OpEx
−$14.2K −$5.92/SF
NOI
$42.6K $17.75/SF
Area
Providence, RI
Vacancy
3.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,940
Cap Rate 7%
$608,529
Cap Rate 9%
$473,300
Alternative Uses
Best Use
Specialty Retail
$608.5K
$532.5K – $710.0K
NOI $42,597 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.9K
$702.6K – $936.8K
NOI $56,205 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
135k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 18%
Electronics 2%
McDonald's
Dining
27,602 visits/mo
0.4 miles
Texas Roadhouse
Dining
25,698 visits/mo
0.4 miles
Wendy's
Dining
25,104 visits/mo
0.4 miles
Dunkin' Donuts
Dining
16,274 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
10,849 visits/mo
0.4 miles
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Providence, RI
Similar Off Market Nearby
- Medusa Hookah Lounge & Restaurant — 648 Potters Ave, Providence, RI 02907
- El Patio bar and grill — 702 Public St, Providence, RI 02907
- Union Avenue Pub — 306 Union Ave, Providence, RI 02909
- Gold cafe bar & grill — 326 Union Ave, Cranston, RI 02909
- Gloria's Sport Bar — Providence, RI 02909
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey bar/lounge for sale with equipment and parking.
Where is this bar & pub located?
The property is located at 727 Cranston Street Providence, RI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Established bar/lounge business with loyal clientele.; Turnkey operation includes all equipment and supplies.; Prime commercial location.
