400 Atwood Avenue, Cranston, RI 02920 - Photo 1

1/1

$1,350,000

Sold
Closed
Commercial Service

1/1

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. For sale as is!! Buyer needs 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.

Full Property Details

Full Property Details for 400 Atwood Ave

General

Sold For: $1,350,000
Taxes: $21,592 (2020)
Status: Closed
Type: Commercial Service
Source: STWMLS
MLS ID: 1300328
Added to Site: 1, 491 day(s) ago

Business

Name: China Dynasty Restaurant
Business Type: Bar/Tavern/Lounge, Food & Beverage, Restaurant
Year Established: 1980
Seating Capacity: 120

Interior

Furnished: Yes
Furnishings: Furnished

Additional Information

Security/Safety: Building Security, Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Smoke Detector(s), Security Service

Parking

Total Spaces: 54

Location

County: Providence
Near Highway: Yes

Community

Units Assoc/Comm: 1

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air Conditioning
Heating Type: Forced Air, Gas, Zoned

Utilities

Sewer: Connected, Public Sewer
Water: Connected, Public
Utility Description: Natural Gas Connected, Sewer Connected, Water Connected

Structural Information

# Buildings: 1
Detached/Attached: Attached
Construction: Masonry
Stories/Levels: 2
Building Size: 6655
Finished Total: 6,655 Sq. Ft.
Finished Above Grnd: 6,655 Sq. Ft.
Year Built: 1970

Lot Features

Lot Size (Acres): 0.61
Lot Size (Sq. Ft.): 26,600
Lot Size: 26600
Frontage: City Street, Paved
Street Lights: Yes
Sidewalks: Yes
Potential Use: Commercial, Investment

Financial Considerations

Tax Amount: $21,592
Tax Year: 2020

Disclosures and Reports

Documents Avail.: License(s)
Property ID: 400ATWOODAVCRAN
Lot Number: 884

Listed and Sold by Circle 100 Real Estate

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Schools

Schools serving 400 Atwood Ave

School District:Cranston School District

Name	Grades	Distance
Stone Hill School 21 Village Avenue, Cranston, RI 02920	PK-5	0.6 mi
Western Hills Middle School 400 Phenix Avenue, Cranston, RI 02920	6-8	0.8 mi
Cranston High School West 80 Metropolitan Avenue, Cranston, RI 02920	9-12	1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 400 Atwood Ave

Date

Details

Price

Change

Source

12/14/2024

Sold

$1,350,000

-20.59%

MLS

12/22/2023

Price Reduced

$1,700,000

-19.43%

MLS

2/09/2022

Price Increased

$2,110,000

0.48%

MLS

12/18/2021

Listed

$2,100,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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400 Atwood Avenue, Cranston, RI 02920 (MLS# 1300328) is a Commercial Service property that was sold at $1,350,000 on December 14, 2024. Want to learn more about 400 Atwood Avenue? Do you have questions about finding other Commercial Service real estate for sale in Cranston? You can browse all Cranston real estate or contact a Coldwell Banker agent to request more information.

400 Atwood Ave Cranston, RI 02920