545 Atwood Ave Cranston, RI
- Added:
- May 17, 2023
- Days on Market:
- 1051
- Last Refresh:
- Mar 30 at 9:47 pm
Property Features for 545 Atwood Ave
General Information
- Standard status
- Active
- Lot size
- 2.05 Acres
- Property subtype
- RETAIL
Listing agent Jim Conway (401) 447-6062
Listing office Conway Commercial Group (401) 447-6062
Listing date May 17, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Conway Commercial Group
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 Service
Junk King Rhode ...
Trucking Company
Blue Ox Axe ...
Family Recreation Center
Similar Places Nearby
- Park Ave Plaza — 1375-1401 Park Ave, Cranston, RI 02920
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- Phenix Plaza — 37 Phenix Ave, Cranston, RI 02920
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4718
- Latitude
- 41.7908
Nearby Similar for Sale
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.
