2214 Plainfield Pike

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2214 Plainfield Pike

Cranston, RI 02921
Asking Price
$1.25M
Asset Type
QSR/Fast Food Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail building for sale in Cranston, Rhode Island
  • Asset features a functional drive-thru configuration
  • High visibility location on Plainfield Pike
  • Asking price for the property is 1,250,000 dollars
  • Property is ideal for quick-service restaurant operations
  • Located within the established Providence metropolitan market

What's Special

This retail property at 2214 Plainfield Pike in Cranston, Rhode Island, is currently available for purchase and represents a functional asset for investors or owner-operators seeking a quick-service restaurant site. Featuring a modern building layout, the property provides high-visibility street frontage along a primary transit corridor. The inclusion of an existing drive-thru facility makes this site particularly well-suited for fast-food operations, coffee concepts, or other service-oriented retail businesses requiring efficient customer throughput. Cranston serves as a significant suburban hub within the Providence metropolitan area, benefiting from steady local traffic and access to major regional highways. The surrounding commercial submarket maintains a consistent consumer base, supporting diverse retail and dining establishments. Prospective buyers will find a versatile layout capable of accommodating various quick-service business models, taking advantage of the established infrastructure to minimize operational transition time. The property stands as a practical addition to a commercial portfolio in a dense, well-connected Rhode Island market.

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

Location & Travel Times