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    2 Gansett Ave Cranston, RI 02920

    For Sale
    Contact for pricing

    Prime Cranston Location, High-Traffic Area

    Property size:
    862 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial property at 2 Gansett Avenue in Cranston, Rhode Island, presents a unique investment opportunity. The property encompasses a total lot size of 2,457 square feet and includes a single building totaling 862 square feet, constructed in 1920. Currently configured as a thriving nail salon and spa, this versatile space offers significant potential for a variety of commercial uses. The property's prime location in Cranston ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in a bustling area. The asking price is $27,000. The property consists of one unit and is categorized as both land and retail space. Its address is 2 Gansett Avenue, Cranston, RI 02920, within Providence County. The property's geographic coordinates are 41.7908028 latitude and -71.4521105 longitude. This is a rare opportunity to acquire a well-established business location with significant upside potential in a desirable Rhode Island market. The existing structure provides a solid foundation for immediate occupancy or renovation to suit specific business needs. The property's size and location make it suitable for a range of commercial ventures, offering a compelling investment prospect for discerning buyers. Serious inquiries are encouraged.

    Property Features for 2 Gansett Ave

    General Information

    Property type
    Retail properties
    Square Feet
    862 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Units
    1

    HighLights

    • $27,000 asking price for this Cranston, RI commercial property.
    • 862 square foot building on a 2,457 square foot lot.
    • Located at 2 Gansett Avenue, Cranston, RI 02920.
    • Property includes a 1‑unit building constructed in 1920.
    • Designated as Commercial Land and Retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Simbas Clothing Store Miranda's party store Event Planner Ross Nails And Spa Nail Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4521105
    Latitude
    41.7908028

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    FAQs

    What type of property is this?
    Retail property - Prime Cranston Location, High-Traffic Area
    Where is this retail property located?
    The property is located at 2 Gansett Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $27,000.
    What are key features of this property?
    This property features: $27,000 asking price for this Cranston, RI commercial property.; 862 square foot building on a 2,457 square foot lot.; Located at 2 Gansett Avenue, Cranston, RI 02920.
    Request Owner's contact information
    2 Gansett Ave Cranston, RI 02920
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    Cranston, RI 02920
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Gansett Ave Cranston, RI 02920
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