848 Park Ave
Cranston, RI 02910
The Park Theater · Sports & Entertainment Property For Sale · 42,500 SF

Back on the Market - Reduced to $6,300,000 Financing in place for someone with experience in the restaurant/theater/nightclub or music business. Seller based projection business plan qualifies for 7A - SBA financing. Current appraisals support Financing. Buyer expectations are a 10% injection of cash. Seller will finance allotted seller cash injection. Also additional seller financing will be considered for qualified candidates. 400 parking space lease in place with the City of Cranston. All equipment recently inspected and approved. Full restaurant/catering area including an elevator located in the kitchen/dish area for easy access to delivery vehicles. Separate elevator for theater guests. Two additional lounges/bars can be run with theater for additional entertainment or lease out. Full liquor and entertainment license will transfer. The Historic Park Theater. A landmark in Cranston. 1031 seat, state of the art performance center. Completely renovated in 2009. Non profit operating status available. Current promoter and staff negotiable for transition. Seller and local town & state officials want the theater to be a vibrant part of the Cranston and Rhode Island landscape. Tax benefits in place. Be a part of this outstanding opportunity!The Historic Park Theater. An outstanding entertainment area where the marquis has been lighting the skies since Rhode Islanders can remember!