551 Park AveCranston, RI 02910

Property Details for 551 Park Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

6,560 SF

Zone code

B2

Property type

Showrooms

APN

CRAN M:3-2 L:1625 U:

APU

CRANM32L1625U

Description

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.

Location Insight

City

Cranston

County

Providence

State

Rhode Island

Latitude

41.7763

Longitude

-71.4214

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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