848 Park Avenue

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30039038
Property Subtypes: Mixed Use, Movie Theatre, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 35,000 SF
Gross Building Area: See Agent
Sale Price: $6,300,000
Unit Price: $180 PSF
Property Use Type: Investment, Business
Building Name: The Park Theater
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/13/2018

Overview / Comments

The historic Park Theater known for it's glamour and majestic setting is offered for sale at $6.3M.
Completely renovated in 2009, the theater has become a landmark in the City of Cranston for musicals, magic and theatrical performances for all ages.

Full restaurant/catering equipment in place for approx. 250 pp.
Guest and catering service elevator.
In addition to restaurant there are two lounges with full bar set.
State of the art sound and lighting.
400 parking spots are available across the street and are provided via a 99 year lease with the City of Cranston.
Full liquor and entertainment license to transfer.
Please call for a private viewing.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Cranston
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Rolfe Square
Property Visibility: Excellent
Largest Nearby Street: Reservoir Avenue
Area Description: High traffic.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1923
Year Renovated: 2009
Roof Type: Flat
Total Parking Spaces: 400
Parking Type: Surface
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,617 182,307 372,344
Median Age: 37.66 35.83 36.56
Households: 10,795 68,170 143,253


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