Property profile

834 Park Ave Park Ave Cranston, RI 02910

OFF-MARKET
Retail properties & Spaces
Built 1940
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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

Location

834 Park Ave Park Ave Cranston, RI 02910
Cranston metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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