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    540 Reservoir Ave Cranston, RI 02910

    Sponsored
    For Sale
    $1,499,000

    Fully rented, high-traffic 3-unit center.

    Property size:
    4,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a fully leased three-unit commercial strip center totaling 4,200 square feet, situated on a prominent 0.44-acre corner lot in Cranston, Rhode Island. Built in 1999, the property boasts a modern design and requires minimal updates, promising a low-maintenance investment. All three units are currently under lease, generating immediate and consistent rental income. The property's strategic location on Reservoir Avenue, one of Rhode Island's busiest state roads, ensures high visibility and significant foot and vehicle traffic. Ample parking is provided with a spacious 19,000 square foot lot, offering convenience for tenants and their customers. The surrounding area features a vibrant mix of retail centers, restaurants, and professional offices, creating a thriving commercial environment and attracting a steady stream of potential customers. This prime Cranston location, combined with the property's strong rental income and minimal maintenance needs, makes this a compelling investment opportunity with significant potential for long-term appreciation. The property's modern construction and desirable location contribute to its strong appeal and promise a stable and profitable investment. This is a rare chance to acquire a well-established, income-producing asset in a highly sought-after Cranston commercial corridor.

    Property Features for 540 Reservoir Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,200 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1999
    Property Profile Location Intelligence

    Current Use by Public Records

    LNH Beauty Hair Extension Technician The Beauty Therapist LLC Eyebrow Bar Style Studio Beauty Salon Foxy Nails & Spa Nail Salon

    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
    -71.43699
    Latitude
    41.78384

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    FAQs

    What type of property is this?
    Commercial real estate - Fully rented, high-traffic 3-unit center.
    Where is this commercial real estate located?
    The property is located at 540 Reservoir Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $1,499,000.
    (401) 353-2200
    Request Owner's contact information
    540 Reservoir 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
    540 Reservoir Ave Cranston, RI 02910
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