892 Oaklawn AveCranston, RI 02920

Property Details for 892 Oaklawn Ave

Year built

1969

Construction

FRAME

Lot size

0.22 AC

Property size (Sq ft)

4,199 SF

Zone code

C2

Property type

Showrooms

APN

CRAN M:15-2 L:61 U:

APU

CRANM152L61U

Description

This exceptional 4,200 square foot commercial building is strategically located on highly trafficked Oaklawn Avenue in Cranston, Rhode Island, near the intersection with Brayton Street. The property sits on a 0.22-acre lot (9,547 square feet) and includes ample parking with 13 spaces, a significant advantage in this area. The building boasts a modern interior featuring updated bathrooms and central air conditioning, complemented by attractive laminate flooring throughout. Currently configured as a single commercial space, this property offers the exciting potential for conversion back into three separate commercial or office suites, providing flexibility for a variety of business needs. Its prime location near the Garden City Center Shopping Center ensures high visibility and convenient access to a substantial customer base. Furthermore, its proximity to major highways and the city of Providence offers unparalleled accessibility for employees and clients alike. This well-maintained building presents a compelling investment opportunity for owner-occupants or investors seeking a strong return in a thriving commercial district. The combination of size, location, parking, and modern amenities makes this property a truly exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,020,504

  6.5%

  $942,003

  7%

  $874,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,382,576

  Geo Method

  $1,382,576

• Alternative Use

  Use

  Valuation

  Residential

  $794,615

  Hospitality

  $727,863

  Educational

  $605,574

  Medical

  $626,400

  Retail

  $942,003

Location Insight

City

Cranston

County

Providence

State

Rhode Island

Latitude

41.7475

Longitude

-71.4784

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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