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Property profile & analytics
FOR SALE
Showrooms

426 Cass Ave Woonsocket, RI 02895

1,518 SF 0.22 ac lot Built 1952
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US76-0027312
Property summary
AI-generated overview

This exceptional commercial property at 426 Cass Avenue in Woonsocket, Rhode Island, presents a unique investment opportunity. The 1,102 square foot building sits on a 0.22-acre lot and includes a thriving, well-established restaurant business. The sale includes all existing equipment, a valuable liquor license, and the building itself. Recent renovations have modernized the property throughout, ensuring a move-in ready condition for the new owner. The restaurant boasts a convenient drive-through window and outdoor seating, catering to a wide range of customer preferences. A full basement provides substantial storage space, adding to the property's practicality. The strategic location on a busy street offers high visibility and convenient access to Cass Park, a local hospital, and a high school, ensuring a consistent flow of potential customers. Ample paved parking is available on-site, enhancing customer convenience. While currently operating as a successful restaurant, the property's versatility allows for a variety of alternative commercial uses, making it an adaptable and valuable asset. The property's strong performance and prime location make this a compelling investment opportunity. The asking price is $675,900.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1952
Construction FRAME
Total area 1,518 SF
Lot 0.22 ac (9,485 SF)
Zoning code MU1
APN WOON M:39F L:100 U:25
UPID US76-0027312
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
  • Cass ave market &deli Grocery & Convenience Store
  • Gustitos Café LLC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Alberto G Orta · 3 yrs held
Alberto G Orta
since 2023
Last sale
$325,000
7 recorded transactions
2023
$325,000
2017
$160,000
2011
$110,000
2008
Price N/A
2007
Price N/A
2006
Price N/A
2003
$65,000
Zoning & alternative use
MU1 · Woonsocket, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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