Flex Space with
For Sale
$775,000
1286 Cranston Street, Cranston, RI 02920
Adaptable commercial building combining customer-facing space, warehouse functionality, on-site parking, and a second-floor apartment.
Property Size4,464 SF
Days on Market49
Property Features for 1286 Cranston Street
General Information
Standard status
Active
Size
4,464 SF
Property subtype
Retail
Zoning
C2
Amenities
storefront parking
apartment
Building Details
Building Size
4,464 SF
Year Built
1925
Buildings
1
Stories
2
Listing Agency:
MG Commercial
Listed By:
Dan Feiner · License #MA #132726
(401) 465-9224
Source:
Mgcommercial
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 12 at 5:43PM
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 MG Commercial
Investment Insights
Based on property information with market context.
Built in 1925, this flex space combines a windowed showroom at the front with a rear work area designed for storage, assembly, and warehouse operations. The loading configuration includes an overhead door and a separate extra-wide delivery door, supporting a range of commercial functions within one building. Storefront parking and street-facing exposure add practical value for customer-oriented operations.
A 2 BR apartment occupies the second floor and offers a separate residential component. The property is located at 1286 Cranston Street in Cranston, Rhode Island, and carries C2 zoning. Its combination of showroom, service-oriented workspace, storage capacity, delivery access, and apartment space creates a varied commercial layout for an owner-user or operator seeking multiple functional areas.
A 2 BR apartment occupies the second floor and offers a separate residential component. The property is located at 1286 Cranston Street in Cranston, Rhode Island, and carries C2 zoning. Its combination of showroom, service-oriented workspace, storage capacity, delivery access, and apartment space creates a varied commercial layout for an owner-user or operator seeking multiple functional areas.
Key Highlights
- Window‑lined showroom at the front of the building
- Rear area configured for storage, assembly, and warehouse use
- Overhead door plus a separate extra‑wide delivery door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,397
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,940
$1.0M
Cap Rate 7%
$719,957
$720.0K
Cap Rate 9%
$559,967
$560.0K
Market Conditions
NOI Build-Up for 4,464 SF
Gross rent
$80.4K $18.00/SF
− Vacancy
−$8.4K −$1.87/SF
EGI
$72.0K $16.13/SF
− OpEx
−$21.6K −$4.84/SF
NOI
$50.4K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,940
Cap Rate 7%
$719,957
Cap Rate 9%
$559,967
Alternative Uses
Best Use
Retail
$720.0K
$630.0K – $840.0K
NOI $50,397 @ 7.0% cap · market cap 6.50%
Second Best
Warehouse
$404.1K
$353.6K – $471.5K
NOI $28,287 @ 7.0% cap · market cap 3.65%
Theoretical Best
Multifamily LT 5
$1.06M
$929.1K – $1.24M
NOI $74,328 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02920, RI
37,791
Population
15,052
Households
2.5
Avg Household Size
43
Median Age
32%
College-Educated
88%
High-School Grad
8.9 sq mi
ZIP Area
4,246
Density / Sq Mi
$79,246
Median Household Income
$51,811
Median Earnings
$1,271
Median Rent
$336,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- SIFU Catering — 24 Haven Ave, Cranston, RI 02920
- cagneys food service — 18 Harmon Ave, Cranston, RI 02910, United States
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building combining customer-facing space, warehouse functionality, on-site parking, and a second-floor apartment.
Where is this flex space located?
The property is located at 1286 Cranston Street Cranston, RI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Window‑lined showroom at the front of the building; Rear area configured for storage, assembly, and warehouse use; Overhead door plus a separate extra‑wide delivery door
