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    OFF-MARKET
    Retail properties & Spaces

    834 Park Ave Park Ave, Cranston, RI 02910

    Built 1940
    Property ID
    Property summary
    AI-generated overview

    This Cranston, Rhode Island retail property, located at 834 Park Avenue, presents a unique investment opportunity. The 8,276 square foot lot houses a thriving mini-market operating since 1993, specializing in Asian groceries and boasting a loyal customer base. The two-story, 1940-built building includes a substantial 3000+ square foot basement for ample storage. Recent upgrades include a new HVAC system, large walk-in freezers and refrigerators, both indoors and outdoors, ensuring efficient operation. The property offers convenient street parking and additional parking at the rear, along with a loading dock for easy access. The asking price is $1,080,000. Note that stock and inventory are not included in the sale price, but a separate negotiation can be arranged. This is a chance to own a well-established, profitable business in a desirable location. The property's strong history and recent improvements make it an attractive investment for a discerning buyer. The building consists of one unit.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1940
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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