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    551 Park Ave Cranston, RI 02910

    For Sale
    $1,300,000

    Industrial building with four retail units at a major intersection.

    Property size:
    16,680 SF

    Property Features for 551 Park Ave

    General Information

    Size
    16,680 SF

    Building Details

    Year built
    1900

    Source: Robert Fox Agent Robert Fox

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Building with Retail Units

    This industrial building features four retail units, situated at the intersection of Park and Elmwood Avenue. All retail spaces are currently leased. Upon the sale's completion, the landlord will enter into a market-rate lease. This property presents an opportunity for either an owner-user or an investor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    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
    -71.4211529
    Latitude
    41.7763585

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    FAQs

    What type of property is this?
    Industrial property - Industrial building with four retail units at a major intersection.
    Where is this industrial property located?
    The property is located at 551 Park Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Leased Retail Units: Benefit from immediate rental income with 4 retail units.; - Prime Location: High visibility at the 4-way intersection of Park & Elmwood Ave.; - Investment/Owner-User Opportunity: Ideal for investors or owner-users.
    (401) 479-6233
    Request Owner's contact information
    551 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
    551 Park Ave Cranston, RI 02910
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