Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Photography Service Party Supply Store
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Wedding Service Photography Service
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Hair Salon
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this district is to provide Office business including Commercial day care, Antiques, second hand shop, consignment shop
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 · Cranston, RIThe intent of this district is to provide Office business including Commercial day care, Antiques, second hand shop, consignment shop
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this district is to provide Office business including Commercial day care, Antiques, second hand shop, consignment shop
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Cranston, RI.
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Find the owner behind the property.
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