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Property profile & analytics

1005 Reservoir Ave Cranston, RI 02910

  • Showrooms
  • 1,530 SF
  • 0.11 lot acres
Value Estimation
Last Sale
Jul 08, 2020
$200,000
Location Intelligence
Property ID
US76-0198391
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Hazian Gregory P / Attorney
  • Mercury Photo Lounge / Photo Booth / Event Planner
  • HITCHED! Weddings and Events / Wedding Photographer / Dj Service
  • Hue the Salon / Hair Salon
  • Resnick Law Associates / Attorney

Property Details for 1005 Reservoir Ave

Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.11 lot acres
Property size
1,530 SF
Zone code
C1
Property type
Showrooms
APN
CRAN M:9-4 L:2380 U:
APU
CRANM94L2380U

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $235,000
  • CAP approach

    CAP return
    Estimation
    6%
    $170,000
    6.5%
    $160,000
    7%
    $165,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $160,000
    Geo Method
    $195,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $180,000
    Retail
    $155,000
    Mixed-Use
    $155,000
    Hospitality
    $200,000
    Educational
    $190,000
    Residential Income
    $195,000
    Energy
    $210,000
    Income-Based Land
    $160,000
    Food Service
    $170,000

Location Insight

  • Map
  • Local Demand
City
Cranston
County
Providence
State
Rhode Island
Longitude
-71.4509
Latitude
41.7742
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,755
$98,200
$104,800
$203,000
-
$0.00
$0.00
$0.00
More about this property
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