1000 Chapel View BlvdCranston, RI 02920

Property Details for 1000 Chapel View Blvd

Year built

2005

Lot size

0.40 AC

Property size (Sq ft)

25,779 SF

Zone code

MPD

Property type

Office properties

Property subtype

Other office properties

APN

CRAN M:14 L:18 U:2

APU

CRANM14L18U2

Description

This exceptional 1,619 square foot commercial space, located at 1000 Chapel View Boulevard Unit 100 in Cranston, Rhode Island, presents a unique business opportunity. Currently operating as the successful "Ceviches by Divino - Cranston" restaurant, this property offers a turnkey solution for a variety of businesses seeking a vibrant and established location. Situated in the desirable Chapel View neighborhood, this space benefits from high visibility and foot traffic, surrounded by a thriving mix of retail, dining, and entertainment options. The area is known for its strong community engagement and lively atmosphere, creating an ideal environment for attracting customers. The property is offered at $250,000 and presents a rare chance to establish or relocate a business in one of Cranston's most coveted commercial areas. The building is situated on a 0-acre lot, providing convenient access and ample space for potential outdoor seating or signage (depending on zoning regulations). This is an exceptional opportunity for a business owner looking to capitalize on a prime location within a thriving community. The property's existing setup provides a solid foundation for a seamless transition, minimizing initial setup costs and maximizing potential for immediate revenue generation. Don't miss this chance to secure a thriving business location in the heart of Cranston.

• CAP approach

  CAP return

  Valuation

  6%

  $4,262,038

  6.5%

  $3,934,190

  7%

  $3,653,176

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,368,284

  Geo Method

  $3,368,284

• Alternative Use

  Use

  Valuation

  Residential

  $4,878,395

  Hospitality

  $4,468,584

  Educational

  $3,717,809

  Medical

  $3,845,670

  Retail

  $5,783,258

Location Insight

City

Cranston

County

Providence

State

Rhode Island

Latitude

41.7566

Longitude

-71.4608

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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