540 Reservoir AveCranston, RI 02910

For Sale
$1,499,000
Fully rented, high-traffic 3-unit center.

Overview

Added:
Feb 3
Days on market:
72
This exceptional investment opportunity presents a fully leased three-unit commercial strip center totaling 4,200 square feet, situated on a prominent 0.44-acre corner lot in Cranston, Rhode Island. Built in 1999, the property boasts a modern design and requires minimal updates, promising a low-maintenance investment. All three units are currently under lease, generating immediate and consistent rental income. The property's strategic location on Reservoir Avenue, one of Rhode Island's busiest state roads, ensures high visibility and significant foot and vehicle traffic. Ample parking is provided with a spacious 19,000 square foot lot, offering convenience for tenants and their customers. The surrounding area features a vibrant mix of retail centers, restaurants, and professional offices, creating a thriving commercial environment and attracting a steady stream of potential customers. This prime Cranston location, combined with the property's strong rental income and minimal maintenance needs, makes this a compelling investment opportunity with significant potential for long-term appreciation. The property's modern construction and desirable location contribute to its strong appeal and promise a stable and profitable investment. This is a rare chance to acquire a well-established, income-producing asset in a highly sought-after Cranston commercial corridor.

Property Details for 540 Reservoir Ave

Property type
Commercial real estate
Square Feet
4,200 SF
Year Built
1999
Lot Size (sq. ft)
19,166 SF

Location Insight

City
Cranston
County
Providence
State
Rhode Island
Latitude
41.78384
Longitude
-71.43699
540 Reservoir Ave, Cranston, Rhode Island

FAQs

What type of property is this?
Commercial real estate - Fully rented, high-traffic 3-unit center.
Where is the commercial real estate located?
The property is located at 540 Reservoir Ave Cranston, RI.
What is the asking price?
The asking price for this property is $1,499,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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540 Reservoir Ave
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