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Property profile & analytics
FOR SALE
Investment properties

2 Gansett Ave Cranston, RI 02920

2,457 SF 0.03 ac lot Built 1920
Individually Owned 7-yr Hold
Property ID
US76-0411945
Property summary
AI-generated overview

This exceptional commercial property at 2 Gansett Avenue in Cranston, Rhode Island, presents a unique investment opportunity. The property encompasses a total lot size of 2,457 square feet and includes a single building totaling 862 square feet, constructed in 1920. Currently configured as a thriving nail salon and spa, this versatile space offers significant potential for a variety of commercial uses. The property's prime location in Cranston ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in a bustling area. The asking price is $27,000. The property consists of one unit and is categorized as both land and retail space. Its address is 2 Gansett Avenue, Cranston, RI 02920, within Providence County. The property's geographic coordinates are 41.7908028 latitude and -71.4521105 longitude. This is a rare opportunity to acquire a well-established business location with significant upside potential in a desirable Rhode Island market. The existing structure provides a solid foundation for immediate occupancy or renovation to suit specific business needs. The property's size and location make it suitable for a range of commercial ventures, offering a compelling investment prospect for discerning buyers. Serious inquiries are encouraged.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction FRAME
Total area 2,457 SF
Lot 0.03 ac (1,457 SF)
Zoning code C2
APN CRAN M:7-5 L:3748 U:
UPID US76-0411945
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Simbas Clothing Store
  • Miranda's party store Event Planning Wedding Service
  • Ross Nails And Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Julia C Tineo Carpio · 7 yrs held
Julia C Tineo Carpio
since 2018
3 recorded transactions
2021
Price N/A
2018
$220,000
1999
$75,000
Zoning & alternative use
C2 · Cranston, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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