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545 Atwood Ave Cranston, RI 02920

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For Sale
$3,200,000

30,000+ sq ft of fully rented space for sale.

Lot size:
2.05 Acres

Property Features for 545 Atwood Ave

General Information

Lot size
2.05 Acres

Source: Conway Commercial Group Agent Jim Conway

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


Overview

Fully Rented Retail Investment Opportunity

This property presents a great investment opportunity, suitable for a 1031 exchange. It features over 30,000 square feet of fully rented space. All tenants have multi-year leases with options. The property consists of two buildings situated on just under 2 acres with high traffic visibility near the Cranston/Johnston line. It has a history of steady occupancy and strong cash flow. The property operates on an approximate 8% cap rate. The annual income from the leases is over $300,000. The building at 555 Atwood was constructed to accommodate the addition of a second level, potentially increasing rental space by over 7,500 square feet. The building was constructed in three phases: phase one in 1962, phase two in 1975, and phase three in 1987. The combined assessed value for both parcels is $1,849,900, and the combined property taxes are $51,475.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Rowlett & Son's HVAC Hvac Contractor Junk King Rhode ... Junk Removal Service Blue Ox Axe ... Recreation Center

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Park Ave Plaza, Coinstar Kiosk | Bitcoin ATM, Phenix Plaza

Location Insight

  • Map
  • Local Demand
City
Cranston
County
Providence
State
Rhode Island
Longitude
-71.4718024
Latitude
41.7907587

FAQs

What type of property is this?
Shopping center - 30,000+ sq ft of fully rented space for sale.
Where is this shopping center located?
The property is located at 545 Atwood Ave Cranston, RI.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: - High cash flow with an approximately 8% cap rate and over $300,000 in annual income.; - Fully rented 30,000+ sq ft space with tenants on multi-year leases with options.; - Located on just under 2 acres with high visibility traffic near the Cranston/Johnston line.
More about this property
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