Property profile

1009 Oaklawn Ave Cranston, RI 02920

OFF-MARKET
Showrooms
Property ID
US76-0103984
1,287 SF 0.6 ac lot Built 1962
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,280-square-foot freestanding restaurant building presents a unique owner/user opportunity in Cranston, Rhode Island. Located at 1009 Oaklawn Avenue, this property boasts a prime location within a thriving commercial area, offering excellent visibility and accessibility. The building sits on a substantial 26,000-square-foot lot and includes ample parking for 66 vehicles. The property is zoned Commercial Zone (C2), allowing for a variety of uses. The interior features a fully equipped kitchen, ready for immediate occupancy, with an anticipated available date of August 28, 2024. Benefit from the existing prominent signage and strong sales history associated with this location. This is an ideal opportunity for an established restaurant operator or a new business seeking a turn-key operation in a high-traffic area. The property's size and parking capacity provide significant advantages in a competitive market. The location offers strong retail synergy, ensuring a steady flow of potential customers. Don't miss this chance to acquire a well-established restaurant space with a proven track record in a desirable Cranston location. The property is vacant and ready for immediate possession.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,287 SF
Lot 0.6 ac (26,000 SF)
Zoning code C2
APN CRAN M:18-4 L:1670 U:
UPID US76-0103984

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Atm

Location

1009 Oaklawn Ave Cranston, RI 02920-2601
Cranston metro Census 14400 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.10M

Owner & transaction history

since 2024
Last sale
$1.1M
4 recorded transactions
2025
Price N/A
2024
$1.1M
2023
Price N/A
2021
Price N/A

Zoning & alternative use

C2 · Cranston, RI
Zoning description

The intent of this district is to provide Neighborhood Business including Commercial day care, Antiques, second hand shop, consignment shop

General category COMMERCIAL

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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