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    190 Gansett Ave Cranston, RI 02910

    Sponsored
    For Sale
    $800,000

    Turn-key Restaurant, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Cranston, RI restaurant presents a unique investment opportunity. Priced at $800,000, this established business includes the building, land (9,600 sq ft, encompassing lots 2416 and 2417 for ample parking), and all fixtures and appliances (as-is). Built in 1949, the single-story, 1-unit building boasts high visibility and signage, ensuring strong customer traffic. Inside, a spacious dining area accommodates numerous patrons, complemented by a private event room and two large restrooms. A fully equipped kitchen features stainless steel refrigerators and freezers, spotless hoods with an Ansul system, and an ice machine. Additional amenities include a large granite bar, a security camera system, a fire alarm system, and substantial basement storage accessible via a ground-level loading door. A full liquor license is included. This turnkey operation is ready for a new owner to step in and continue its success. The property is located at 190 Gansett Avenue, Cranston, RI 02910.

    Property Features for 190 Gansett Ave

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1949
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Turnkey restaurant for sale in Cranston, RI, priced at $800,000.
    • Includes building, 9,600 sq ft land (lots 2416 & 2417), all fixtures & appliances (as‑is).
    • High‑visibility 1949 single‑story building with ample parking.
    • Features spacious dining area, private event room, two restrooms, and fully equipped kitchen with stainless steel appliances and Ansul system.
    • Additional amenities include a large granite bar, security & fire alarm systems, basement storage, and a full liquor license.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.45096
    Latitude
    41.784608

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    FAQs

    What type of property is this?
    Restaurant - Turn-key Restaurant, Prime Location
    Where is this restaurant located?
    The property is located at 190 Gansett Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Turnkey restaurant for sale in Cranston, RI, priced at $800,000.; Includes building, 9,600 sq ft land (lots 2416 & 2417), all fixtures & appliances (as-is).; High-visibility 1949 single-story building with ample parking.
    Request Owner's contact information
    190 Gansett Ave Cranston, RI 02910
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    Cranston, RI 02910
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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
    190 Gansett Ave Cranston, RI 02910
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