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Property profile & analytics

727 Cranston St Providence, RI 02907

  • Showrooms
  • 2,380 SF
  • 0.37 lot acres
For Sale
Last Sale
Nov 17, 2022
$485,000
Value Estimations
Cap Rate Potential
8.1%
Showrooms
Location Intelligence
Property ID
US76-0134380
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • La Santa Lounge / Night Club

Property Details for 727 Cranston St

Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.37 lot acres
Property size
2,380 SF
Zone code
C-2
Property type
Showrooms
APN
PROV M:42 L:452
APU
PROVM42L452

Description

This exceptional commercial property at 727 Cranston Street, Providence, RI, presents a lucrative investment opportunity. Currently operating as a successful bar/lounge, this 2,400 square foot space offers significant potential for growth and expansion. The property sits on a 0.37-acre lot and includes a substantial paved parking area accommodating 50 vehicles, ensuring convenient access for patrons. The sale includes all existing equipment and supplies, providing a seamless transition for the new owner. The established business boasts a loyal clientele and a proven, profitable business model, minimizing the risk associated with new ventures. This turnkey operation is ideally situated in a prime Providence location, offering immediate income generation and the potential for further development and customization. The property's size, ample parking, and established clientele make it an attractive investment for those seeking a profitable and established business. The asking price is $635,000. This is a rare opportunity to acquire a thriving commercial property in a desirable location with significant upside potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $420,000
    ML approach
    $445,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $560,000
    6.5%
    $520,000
    7%
    $480,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $506,000
    Market price range: $237k - $506k
    AI Estimate
    $375,000
    Market price range: $150k - $406k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Providence
County
Providence
State
Rhode Island
Longitude
-71.4384
Latitude
41.8049
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,562
$174,100
$126,800
$300,900
-
$0.00
$0.00
$0.00
More about this property
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