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    68 Gansett Ave Cranston, RI 02910

    For Sale
    $600,000

    Mixed-use building, 2200 sqft, 0.13 acres

    Property size:
    2,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This unique 2,200 square foot commercial property at 68 Gansett Avenue in Cranston, RI, presents a compelling investment opportunity. Currently zoned B-1 Residential, it offers significant potential for redevelopment. The property boasts a rich history as a two-story, four-unit multi-family building, and current zoning allows for a duplex or, with updated density regulations, potentially a four-plex. The flexible zoning also accommodates a mixed-use development, ideal for a business owner seeking live-work space. The expansive 5,600 square foot building includes 2,000 square feet of living space, already separated into a vacant unit ready for repurposing. Two separate garages/storage areas provide parking for up to five or six vehicles, with additional off-street parking available. The property benefits from numerous recent updates, including a newer roof and air conditioning unit. Some utilities are separately metered for efficiency. Its prime location across the street from the Peter Pastore Youth Center and a city park adds significant value and appeal. The 0.13-acre lot provides ample space for future development or expansion. This property is ready for a new vision and offers a rare chance to capitalize on its versatile zoning and desirable location. Easy to show.

    Property Features for 68 Gansett Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,200 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1958
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -71.45169
    Latitude
    41.78854

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    FAQs

    What type of property is this?
    Commercial real estate - Mixed-use building, 2200 sqft, 0.13 acres
    Where is this commercial real estate located?
    The property is located at 68 Gansett Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $600,000.
    (401) 783-2474
    Request Owner's contact information
    68 Gansett Ave 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
    68 Gansett Ave Cranston, RI 02910
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