Golf Course - Seller Financing
Address
400 Atwood Avenue, Cranston, RI
Price
$ 1,700,000
Property Attributes
- MLS#1300328
- TypeCommercial
- CountyPROVIDENCE
- CityCranston
- Zip02920
- StyleCommercial
- Year Built1970
- Taxes$ 21592
- Price$ 1,700,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6655
- Lot Size0.61 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
Well established Chinese restaurant since 1980 is ready for new owner. Excellent investment opportunity to start your dream restaurant team with established clientele in a high visibility and well travelled road in the heart of Cranston's commercial district. Nice open and well lit contemporary design inside and out. Large and spacious dining sections, beautiful cocktail lounge with full liquor license, suitable for dining in, take out, and catering. The whole restaurant is well maintained and updated. The huge professional kitchen is beautiful and clean, and well organized with walk-in refrigerators and freezer, 600 AMP electric power capacity. There is a spacious storage room on the second floor. The total indoor seating is 120+. There is plenty of room to buildout for outdoor dining, or drive thru service if desired. Nicely paved parking lot has approx. 54 parking space. Financial info is only available to firm buyers. Buyer need to proof source of funding, or preapproval letter from lender. Please check out the for lease info on MLS#1341419. Motivated seller! Lease will be at $7500/month, with option to buy. Seller financing is negotiable.
| Price History | |
|---|---|
| 12/18/2021 | Listed $2,100,000 |
| 12/22/2023 | 20% - $1,700,000 |
General Features
| Sewer | Connected,PublicSewer |
|---|---|
| Heating | ForcedAir,Gas,Zoned |
| Cooling | CentralAir |
| Utilities | NaturalGasConnected,SewerConnected,WaterConnected |
| Possession | Negotiable |
| Zoning | C4 |
| Security Features | BuildingSecurity,CarbonMonoxideDetectors,FireAlarm,FireSprinklerSystem,SmokeDetectors,SecurityService |
| Construction Materials | Masonry |
| Year Built | 1970 |
| Electric | Item200AmpService,CircuitBreakers |
| Stories | 2 |
| Levels | Two |
| Property SubType | Commercial |
| Tax Year | 2020 |
| Business Type | BarTavernLounge,FoodBeverage,Restaurant |
| Community Features | Golf,HighwayAccess,NearHospital,NearSchools,PublicTransportation,RecreationArea,Shopping,HighTrafficLocation,StreetLights,Sidewalks |
| Business Name | China Dynasty Restaurant |
| County | Providence |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Possible Use | Commercial,Investment |
| Garage Y/N | No |
| Status | Active |
| City | Cranston |
| Buyer Agent Compensation | 2% |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 3 |
| Lot Size Square Feet | 26600.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Atwood |
| Property Attached Y/N | Yes |
| Land Lease Y/N | No |
| Tax Annual Amount | 21592.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Rent Control Y/N | No |
| Virtual Tour | https://tour.RiLiving.com/400-Atwood-AV-Cranston-RI-02920 |
| Days on Market | 745 |
| Standard Status | Active |
| Occupancy Description | Owner |
| Tax Assessed Value | 799700 |
| Tax Lot | 884 |
| Ownership Type | Corporation |
| Cap Rate | 7.0 |
| MobileHomeRemainsYN | No |
Interior Features
| Furnished Y/N | Furnished |
|---|---|
| Total Stories | 2 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 6655.0 |
| Street Suffix | Avenue |
| Electric On Property Y/N | No |
| SeatingCapacity | 120 |
Exterior Features
| Water Source | Connected,Public |
|---|---|
| Total Parking | 54.0 |
| Lot Size Area | 26600.0 |
| Foundation Details | ConcretePerimeter |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 6655.0 |
| Lot Size Acres | 0.61 |
| Road Surface Type | Paved |
| Frontage Length | 140 |
| Lot Size Units | SquareFeet |
| Road Frontage Type | CityStreet |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02920
Price
Taxes
Visits
Year Built
Walkscore
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