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    1005 Reservoir Ave Cranston, RI 02910

    Sponsored
    For Sale
    $475,000

    Turnkey Salon, High Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This renovated 5,000 sq ft Cranston, RI storefront at 1005 Reservoir Avenue presents a unique investment opportunity. Built in 1950 and completely renovated in 2021, this property is ideally suited for a salon or barbershop, boasting five hair styling stations, two wash bowls, a dedicated hair color mixing bar, and two private upstairs boutique rooms. Employee amenities include a modernized break room with a full kitchen, a separate employee bathroom, and ample parking. The building features central air and heating, a sound system, security cameras, and is situated on a high-traffic street, minutes from Garden City and other shopping centers. The asking price is $475,000. This turnkey operation is ready for immediate occupancy and offers significant potential for a new owner. The property includes one building on a 5,000 sq ft lot and is zoned for commercial use. All equipment is included in the sale. This is a rare opportunity to acquire a fully equipped and established business in a desirable location. Don't miss out on this exceptional chance to own a thriving salon in a bustling Rhode Island community. The property is located in Providence County, RI, zip code 02910.

    Property Features for 1005 Reservoir Ave

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1950
    Buildings
    1

    HighLights

    • 5,000 sq ft renovated Cranston, RI storefront at 1005 Reservoir Avenue, asking $475,000.
    • Completely renovated in 2021, ideal for salon/barbershop.
    • Features five styling stations, two wash bowls, color bar, two private upstairs rooms, and a full kitchen in the break room.
    • Includes central A/C, sound system, security cameras, and ample parking.
    • Turnkey operation, ready for immediate occupancy, all equipment included, zoned commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hazian Gregory P Attorney Mercury Photo Lounge Photo Booth HITCHED! Weddings and Events Wedding Photographer Hue the Salon Hair Salon Resnick Law Associates Attorney

    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
    -71.4508247
    Latitude
    41.7741493

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    FAQs

    What type of property is this?
    Individual retail property - Turnkey Salon, High Traffic Location
    Where is this individual retail property located?
    The property is located at 1005 Reservoir Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 5,000 sq ft renovated Cranston, RI storefront at 1005 Reservoir Avenue, asking $475,000.; Completely renovated in 2021, ideal for salon/barbershop.; Features five styling stations, two wash bowls, color bar, two private upstairs rooms, and a full kitchen in the break room.
    Request Owner's contact information
    1005 Reservoir 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
    1005 Reservoir Ave Cranston, RI 02910
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