Great Investment. 1,500 SF Retail Condo - Long term Lease -8%CAP

Asking Price$330,000

Gross Revenue
Not Disclosed

Net Operating Income$25,500

FF&ENot Disclosed

Building Sq. Ft.1500

Price per Sq. Ft.$220.00

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Great Investment. 1,500 SF Retail Condo - Long term Lease -8%CAP


Asking Price$330,000

Gross Revenue
Not Disclosed

Net Operating Income$25,500

FF&ENot Disclosed

Building Sq. Ft.1500

Price per Sq. Ft.$220.00

Property Description
Investment Opportunity: 1,500 SF Retail Condominium in Western Cranston Plaza

This commercial real estate investment presents a turnkey retail condominium comprising two combined units totaling 1,500 square feet in the established Western Cranston Plaza. The property has undergone comprehensive renovation and is positioned at street level with exceptional visibility and accessibility.

Property Features:
- Fully renovated 1,500 SF retail space configured as combined commercial condominiums
- Street-level accessibility with high visibility frontage
- Ample parking availability within the plaza
- Flexible layout suitable for restaurant, retail, or office conversion
- Prime location in busy Western Cranston commercial corridor

Investment Highlights:
- Current 8% capitalization rate providing strong return potential
- Existing five-year lease agreement with five-year renewal option
- Established tenant occupancy reducing vacancy risk
- Turnkey condition requiring minimal additional investment
- Strategic location in active commercial plaza with consistent foot traffic

The property's versatile configuration allows for multiple business applications, making it attractive to diverse tenant profiles. The combination of strong lease terms, favorable cap rate, and prime plaza location creates a compelling investment opportunity for commercial real estate investors seeking stable income-producing assets.

Location benefits include proximity to major thoroughfares, established customer base, and integration within a functioning commercial center. The property represents an opportunity to acquire income-generating commercial real estate with demonstrated performance metrics and growth potential.
About the Property
Type
Retail
Building Status
Established
Facilities & Assets
1,500 sf of retail area. Currently a turnkey fully equipped restaurant with two bathrooms, a seating area, and a bar.
Walk-in cooler and walk-in freezer. 21' Hood Exhaust System with attached Fire Suppression System, gas range, oven, griddle, fryolators, etc. Too many to be listed, please see the attached lsit.
Current and Prior Use
Pastry /Bakery & Coffee Shop - Restaurant -
Year Built
1984
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
7.70 % CAP
Current Property Expenses
Real Estate Tax, Sewer tax and Condo fees (include insurance and CAM)
Listing Info
ID:
2201503
Listing Views:
1725

Contact Seller

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Property Listed by: Javier Castro Boston Bay Business Brokers

Listing ID: 2201503 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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