316 Cranston StProvidence, RI 02907
- Investment properties
- 12,732 SF
Property Details for 316 Cranston St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 12,732 SF
- Zone code
- C-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- PROV M:31 L:49
- APU
- PROVM31L49
Description
This exceptional business opportunity is located at 316 Cranston Street in Providence, Rhode Island. Priced aggressively at $15,000, this turnkey operation is ready for immediate income generation. The business, previously operated by experienced owners, is being offered due to an overwhelming workload. This presents a unique chance for a new owner to step in and capitalize on an already established enterprise. The property itself sits on a 0.03-acre lot, offering a compact and manageable footprint. While the exact square footage of the building isn't specified, the turnkey nature of the business suggests all necessary equipment and infrastructure are in place. The "make money tomorrow" claim highlights the immediate profit potential. This is an ideal acquisition for an entrepreneur seeking a low-risk, high-reward venture with minimal setup time. The low asking price reflects the seller's motivation to finalize a quick sale. Serious inquiries are encouraged to explore this promising investment opportunity further. All interested parties should conduct their own due diligence to verify all aspects of the business and its operations. This is a rare chance to acquire a profitable business at a significantly discounted price. Don't miss out on this exceptional opportunity to own a thriving enterprise in a desirable Providence location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,104,980
- 6.5%
- $1,943,058
- 7%
- $1,804,268
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,663,563
- Geo Method
- $1,663,563
-
Alternative Use
- Use
- Valuation
- Residential
- $2,409,392
- Hospitality
- $2,206,990
- Educational
- $1,836,190
- Medical
- $1,899,340
- Retail
- $2,856,296
Location Insight
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Latitude
- 41.8125
- Longitude
- -71.4293
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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