Cranston Commercial Building For
840 Park Avenue, Cranston, RI 02910
COMMERCIAL - Cranston, RI
Property size:
3,552 SFLot size:
0.10 AcresPrice / SF:
$168/SF- Added:
- Dec 5, 2025
- Days on Market:
- 177
- Last Refresh:
- May 30 at 11:06 pm
Property Features for 840 Park Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Security features
- Security Lighting
- Interior features
- Ceiling Height (9 to 12 Ft)
- Basement
- Full
- Standard status
- Active
- Size
- 3,552 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8565
Utilities
- Heating system
- Central, Baseboard, Forced Air
- Cooling system
- Central Air, Wall Unit(s)
Building Details
- Year built
- 1940
- Number of units
- 2
- Building materials
- Brick, Frame
Listing agent Richard Zompa License #REB.0014356 (401) 353-2200
Listing office Re/Max Preferred 1417 Douglas Avenue, North Providence, RI (401) 353-2200
Listing date Dec 5, 2025
MLS# 1401323
Copyright © 2026 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.
HighLights
- Prime location at a busy intersection (Park Avenue and Pontiac Ave) with high visibility
- Flexible space with approximately 1,776 sq. ft. on the main level and an additional 1,776 sq. ft. in the lower level
- Existing kitchen infrastructure with dual kitchen hoods and full Ansul system, ideal for food‑related businesses
- Strong traffic counts and abundant on‑street parking
- Generator and newer roof
- Mix of finished office space and generous storage in the lower level
Overview
This stand-alone commercial building, situated at the intersection of Park Avenue and Pontiac Avenue in Cranston, Rhode Island, offers approximately 1,776 square feet on the main level, currently used as Gourmet Caterers, with an additional 1,776 square feet in the lower level. The lower level includes finished office space and storage. The property is located on a 0.0961-acre lot. The main level layout is suitable for a variety of potential uses, with existing kitchen infrastructure that is attractive for food-related businesses. Features include dual kitchen hoods with a full Ansul system, a generator, and a newer roof. Abundant on-street parking serves the surrounding businesses. The property offers exposure, flexible space, and strong traffic counts, making it suitable for an owner-user or investor. Much of the existing equipment may remain or be sold separately depending on the buyer's needs. The property is comprised of 3,552 square feet in total.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.9k | $18.00 |
| − Vacancy | −$6.6k | −$1.85 |
| EGI | $57.4k | $16.15 |
| − OpEx | −$14.3k | −$4.04 |
| NOI | $43.0k | $12.11 |
3,552 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$614.6K
$537.8K – $717.1K
NOI $43,023 @ 7.0% cap · market cap 7.17%
Second Best
Retail
$572.9K
$501.3K – $668.4K
NOI $40,101 @ 7.0% cap · market cap 6.68%
Theoretical Best
Multifamily LT 5
$844.9K
$739.3K – $985.7K
NOI $59,143 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial kitchens
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.435448
- Latitude
- 41.778678
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial kitchen - Highly visible commercial building with kitchen infrastructure and flexible space.
Where is this commercial kitchen located?
The property is located at 840 Park Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Prime location at a busy intersection (Park Avenue and Pontiac Ave) with **high visibility**; Flexible space with approximately 1,776 sq. ft. on the main level and an additional 1,776 sq. ft. in the lower level; Existing kitchen infrastructure with **dual kitchen hoods and full Ansul system**, ideal for food‑related businesses
