For Sale
$1,300,000

551 Park AveCranston, RI 02910

16,680 SF Storefront, Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 16,680 square foot Class C commercial property, located at 551 Park Ave in Cranston, Rhode Island (zip code 02910), presents a unique investment opportunity for owner-users or investors. The property is situated at the high-traffic four-way intersection of Park and Elmwood Avenues, providing excellent visibility and accessibility. The building's functionality is split between industrial and retail space. The retail component consists of four units, all currently leased at market rates, ensuring a steady income stream for the new owner. The landlord will remain on a market rate lease upon sale. The property's convenient location offers easy access to major highways, enhancing its appeal to a wide range of businesses. This versatile property is ideal for a business seeking both industrial space and retail presence, or for an investor looking for a strong return on investment. The asking price for this prime Cranston commercial property is $1,300,000. The property is categorized as Industrial, Office, and Retail, with a Storefront subtype. Providence County location provides access to a robust workforce and consumer base. This is a rare opportunity to acquire a well-positioned, income-generating property in a thriving Rhode Island market.

Highlights

  • 16,680 SF Class C commercial building at 551 Park Ave, Cranston, RI 02910.
  • High-traffic four-way intersection of Park & Elmwood Avenues provides excellent visibility and accessibility.
  • Four leased retail units generating steady income; landlord remains on market-rate lease.
  • Convenient highway access.
  • Asking price: $1,300,000.

Property Details for 551 Park Ave

Property type
Retail properties, Office properties
Square Feet
16,680 SF
Class
C

Location Insight

City
Cranston
County
Providence
State
Rhode Island
Latitude
41.7763418
Longitude
-71.4211515
551 Park Ave, Cranston, Rhode Island

FAQs

What type of property is this?
Retail property - 16,680 SF Storefront, Owner/User Opportunity
Where is the retail property located?
The property is located at 551 Park Ave Cranston, RI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 16,680 SF Class C commercial building at 551 Park Ave, Cranston, RI 02910.; High-traffic four-way intersection of Park & Elmwood Avenues provides excellent visibility and accessibility.; Four leased retail units generating steady income; landlord remains on market-rate lease.
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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551 Park Ave
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