15 Gansett Ave

Retail-Commercial for Sale
Catylist Listing ID: 30394949
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant
Building Size (RSF): 3,145 SF
Gross Building Area: 3,445 SF
Sale Price: $279,000
Unit Price: $88.71 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 2,666 SF
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 4/17/2019

Overview / Comments

Excellent Owner-Occupant or Investor! *Adjacent Property @ 1280 Cranston St Available as Package* This is an excellent opportunity for development!

Recently renovated property includes a super-clean Operating Restaurant (Breakfast/Lunch atm) with a large prep area that could be used for catering. Price includes approximately $35k in Restaurant Equipment!

There's an office adjacent to the prep area, and a large basement with Navian hot water system and upgraded electrical service. A detached 2-car Garage provides additional storage/rental income, or room for your catering truck, and there is a nicely redone One Bedroom Apartment (currently $750/mo) with separate entrance in back.

With a dinner menu and a liquor license, or even a delivery service, this place could really perform.

Please contact us anytime to view the property and discuss possibilities.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Cranston
Tax ID/APN: CR 8-576-0
Zoning: C2
Retail Clientele: General
Property Located Between: Park Avenue and Cranston Street
Property Visibility: Excellent
Largest Nearby Street: Cranston Street
Highway Access: Easy access to Rt 10 and I-95
Airports: PVD
Site Description: Nicely situated free-standing building with parking on both sides and excellent visibility and traffic.
Area Description: Near walking track, bike trail, Lowes, Stop & Shop and easy access to Downtown Providence via Cranston St, Rt 10, or I-95.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1930
Roof Type: Other
Construction/Siding: Block, Vinyl Siding
Exterior Description: Vinyl siding, concrete block, newer windows, glass frontage.
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: Parking on each side.
Sprinklers: Dry
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Window Unit
Interior Description: Resturant seating (approximately 42, plus take-out) on either side of entrance in booths and tables, as well as counter seating facing cooking area. Large prep area leads through office to basement. There is a lav for customers and another for employees.
Zoning Description: C2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,336 202,380 382,908
Median Age: 37.5 34.24 36.49
Households: 9,168 74,199 147,019
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