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    1062 Reservoir Ave Cranston, RI 02910

    Sponsored
    For Sale
    $379,900

    Prime Cranston location, high rental income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial office building, situated on a prominent corner lot at 1062 Reservoir Avenue in Cranston, Rhode Island, presents a compelling investment or owner-occupancy opportunity. The property boasts a convenient location at the intersection of Reservoir Avenue and Crossway Road, offering excellent visibility and accessibility. The building features six ample off-street parking spaces, ensuring convenient parking for tenants and visitors. The interior comprises six private offices, providing flexibility for various business needs. Two well-maintained bathrooms cater to the occupants' comfort. A dedicated waiting room and spacious administrative areas enhance the professional atmosphere. The building benefits from a recently updated heating system, minimizing maintenance concerns and ensuring efficient energy consumption. The exterior is maintenance-free, reducing ongoing operational costs for the owner. Currently, individual offices are leased on a month-to-month basis, generating a consistent rental income stream. The 0.1-acre lot provides ample space for the building and parking. This property is ideal for an investor seeking a stable income-generating asset or a business owner looking for a well-equipped space to establish or expand their operations. The combination of its prime location, updated systems, and current rental income makes this a truly attractive proposition in the thriving Cranston market. Serious inquiries are encouraged to schedule a private viewing.

    Property Features for 1062 Reservoir Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1947
    Property Profile Location Intelligence

    Current Use by Public Records

    Joseph C Manera ... Attorney KEY BANKRUPTCY Personal Injury Attorney FAMILYLEGAL Attorney Thomas M. Petronio Legal Services Davis Nancy M Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -71.45189
    Latitude
    41.77235

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Cranston location, high rental income potential.
    Where is this commercial real estate located?
    The property is located at 1062 Reservoir Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $379,900.
    (401) 922-4663
    Request Owner's contact information
    1062 Reservoir 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
    1062 Reservoir Ave Cranston, RI 02910
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