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    555 Park Ave Cranston, RI 02910

    Sponsored
    For Sale
    Pending
    $119,900

    LAND - Cranston, RI

    Lot size:
    0.06 Acres
    Days on Market:
    189
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 555 Park Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    B-2
    Lot size
    0.06 Acres

    Utilities

    Utilities
    Natural Gas Available

    RE/MAX 1st Choice (401) 943-6111 [email protected]

    Listing agent Richard Perelman (401) 286-2005

    Listing date Jul 1, 2025

    MLS# 1351346 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

    Cranston Land For Sale

    This property is a plot of land located in Cranston, Rhode Island. The lot size is 0.063 acres. It is zoned B-2. The site previously hosted a six-unit building, which included two stores and four apartments, before a fire. The original foundation remains in place. A variance is required for any new construction on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -71.421351
    Latitude
    41.776338

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    FAQs

    What type of property is this?
    Land - Land with existing foundation in Cranston, Rhode Island.
    Where is this land located?
    The property is located at 555 Park Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: - Original foundation is in place; - Natural gas available; - Previously a 6-unit building, consisted of 2 stores and 4 apartments
    (401) 943-6111
    Request Owner's contact information
    555 Park Ave Cranston, RI 02910
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    Cranston, RI 02910
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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
    555 Park Ave Cranston, RI 02910
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