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    1428 Park Ave Cranston, RI 02920

    New
    Pending
    For Sale
    $575,000

    Apartment,Commercial - Cranston, RI

    Property size:
    3,554 SF
    Days on Market:
    7
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1428 Park Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Parking
    4
    Interior features
    Ceiling Height (7 To 9 Ft)
    Exterior features
    Suburban
    Size
    3,554 SF

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Brick, Frame
    Architectural style
    Other

    RI Real Estate Services (401) 885-5400 [email protected]

    Listing agent Claudia Carvalho (401) 885-5400

    Listing date Nov 29, 2025

    MLS# 1390507 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Ice Cream Shop

    Located at 1428 Park Avenue in Cranston, Rhode Island, this mixed-use property offers a unique investment opportunity. The property includes a two-family home and an established ice cream shop. The residential portion features two spacious units, each containing 2 bedrooms and 1 full bath. Both units are currently rented on a month-to-month basis, providing immediate rental income. Tenants have access to off-street parking and a detached garage. The commercial space is occupied by a well-known local ice cream shop, also leased on a month-to-month basis. The property is being sold as-is. The property size is 3554 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.45946
    Latitude
    41.78972

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile Cranston property: two-family home and established ice cream shop.
    Where is this mixed-use property located?
    The property is located at 1428 Park Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Established ice cream shop provides immediate commercial rental income.; - Two residential units offer reliable rental income.; - Mixed-use property provides versatile investment options.
    (401) 885-5400
    Request Owner's contact information
    1428 Park Ave Cranston, RI 02920
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1428 Park Ave Cranston, RI 02920
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