Cranston, Rhode Island, offers a unique opportunity for investors to own a piece of the city's culinary scene with its selection of restaurants for sale. With a population of approximately 80,000 residents, Cranston provides a diverse customer base for restaurants to cater to. Restaurants in Cranston can represent a range of investments, from casual eateries to fine dining establishments, and can be found in various locations throughout the city, including the historic Knightsville neighborhood. Cranston's infrastructure, including its transportation facilities and state-numbered roads, makes it an attractive location for businesses. The city's education institutions, such as Cranston High School East and West, and its healthcare sector, with organizations like CharterCARE Health Partners, also contribute to its appeal. Additionally, Cranston's proximity to Providence and Warwick makes it an ideal location for commuters and travelers alike. The city's attractions, such as the St. Mary's Feast and the Cranston Stadium, also draw visitors from surrounding areas.
Cranston's restaurants for sale offer a range of options for investors, with 5 listings available. The average price per square foot for these listings is $379 USD, and the average size is 8,144 square feet, with some properties reaching up to 30,766 square feet. In addition to restaurants, Cranston also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Cranston can provide a steady stream of rental income, while shopping centers offer a chance to own a piece of the city's retail landscape. Specialty properties, such as office buildings and warehouses, can cater to the city's diverse business needs. Hotels in Cranston can capitalize on the city's tourist attractions and its proximity to Providence and Warwick. Overall, Cranston's restaurants for sale offer a unique investment opportunity in a city with a rich history and a strong economy.
What is the average cost per square foot for a restaurant in Cranston?
Currently, there are 5 available listings of restaurants for sale in Cranston, with an average price per square foot of $379 USD and an average size of 8,144 square feet, making it an attractive option for entrepreneurs and investors looking to tap into the city's diverse economy and growing population.
What factors determine the value of a restaurant for sale in Cranston?
The value of a restaurant for sale in Cranston is determined by a combination of factors, including:
- Location, with proximity to major highways like I-95 and I-295, as well as accessibility to public transportation, being a significant consideration;
- The restaurant's size, with an average size of 8,144 square feet, and a maximum size of 30,766 square feet, affecting its value;
- Financial performance, including the average cap rate of 5.83% and the average price per square foot of $379 USD, which can impact the restaurant's overall value.
