190 Gansett Ave Cranston, RI 02910
- Showrooms
- 2,083 SF
- 0.07 lot acres
Current Use by Public Records
- Showrooms
Property Details for 190 Gansett Ave
- Year built
- 1949
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.07 lot acres
- Property size
- 2,083 SF
- Zone code
- C2
- Property type
- Showrooms
- APN
- CRAN M:6-3 L:2415 U:
- APU
- CRANM63L2415U
Description
This exceptional opportunity presents a thriving, established restaurant in Cranston, RI, complete with the building and ample parking. Located at 190 Gansett Avenue, this turnkey operation boasts high visibility and signage, ensuring strong customer traffic. The property includes two additional parking lots (lots 2416 and 2417), providing ample off-street parking for patrons. Inside, the spacious layout features a main dining area, a private room ideal for events, and two large private restrooms. A state-of-the-art security system, including cameras and a fire alarm system, ensures safety and peace of mind. The impressive kitchen is fully equipped with stainless steel refrigerators and freezers, spotless hoods with an Ansul system, and an ice machine – everything needed for seamless restaurant operation. A large granite-topped bar with ample seating adds to the inviting atmosphere. Extensive storage space is available in the basement, accessible via a ground-level loading door. The sale includes the business, all fixtures and appliances (as-is), and the building itself, representing a complete and ready-to-operate package. The property sits on a 0.22-acre lot and is offered at $800,000. This is a rare chance to acquire a successful, established restaurant with significant potential for continued growth. Don't miss this exceptional opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $330,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $350,000
- Mixed-Use
- $315,000
- Hospitality
- $295,000
- Educational
- $275,000
- Residential Income
- $360,000
- Energy
- $290,000
- Income-Based Land
- $310,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.451
- Latitude
- 41.7846
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA