106 Cross StWesterly, RI 02891

Property Details for 106 Cross St

Lot size

1.66 AC

Property type

Commercial real estate

APN

WEST M:67 B:283

APU

WESTM67B283

Description

This exceptional turnkey retail business opportunity in Westerly, Rhode Island, presents a rare chance to acquire a well-established salon with a 40+ year history. Located at 106 Cross Street, 02891, this high-traffic, highly visible property offers immediate income potential. The business boasts a comprehensive setup including nine styling chairs, six hair dryers, three wash stations, two skincare rooms, a tanning booth, and a nail/pedicure station. The current owner is willing to assist with the transition, ensuring continuity for existing clientele. The property is a single-unit building situated on a lot with no specified square footage. The landlord has indicated a willingness to negotiate a long-term lease, providing stability for the new owner. This is a fantastic opportunity for an experienced salon professional or entrepreneur looking for a profitable, established business with significant growth potential. The asking price for this turnkey operation is $29,000. The seller is open to discussing the details of this well-established business. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $13,549,000

  6.5%

  $12,506,800

  7%

  $11,613,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,448,020

  Geo Method

  $9,448,020

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $24,623,000

  Retail / Commercial

  $12,626,500

  Mixed-Use / Specialty

  $12,581,500

  Hospitality / Lodging

  $9,230,660

  Office

  $12,506,800

  Institutional / Educational

  $13,079,700

  Residential Income

  $15,303,300

  Multifamily

  $18,353,900

  Automotive / Energy

  $11,211,200

  Parking / Income-Based Land

  $3,868,840

  Restaurant / Food Service

  $6,543,740

  Healthcare / Senior Housing

  $12,902,100

Location Insight

City

Westerly

County

Washington

State

Rhode Island

Latitude

41.3714

Longitude

-71.8166

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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