426 Cass AveWoonsocket, RI 02895

Property Details for 426 Cass Ave

Year built

1952

Construction

FRAME

Lot size

0.22 AC

Property size (Sq ft)

1,518 SF

Zone code

MU1

Property type

Showrooms

APN

WOON M:39F L:100 U:25

APU

WOONM39FL100U25

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $287,157

  6.5%

  $265,068

  7%

  $246,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $206,276

  Geo Method

  $206,276

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $516,909

  Mixed-Use / Specialty

  $264,123

  Hospitality / Lodging

  $193,779

  Office

  $262,554

  Institutional / Educational

  $274,582

  Residential Income

  $321,260

  Multifamily

  $385,302

  Automotive / Energy

  $235,356

  Parking / Income-Based Land

  $81,218.40

  Restaurant / Food Service

  $137,372

  Healthcare / Senior Housing

  $270,853

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.006

Longitude

-71.4913

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].