Property summary
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
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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