727 Cranston St Providence, RI 02907-3058
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.
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La Santa Lounge Nightclub DJ & Entertainment
The intent of the C-2 General Commercial District is intended for more intensive commercial uses and key commercial nodes, including larger retail establishments
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Providence, RIThe intent of the C-2 General Commercial District is intended for more intensive commercial uses and key commercial nodes, including larger retail establishments
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.