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    Cranston Industrial/Commercial Property For Sale Title is generated by Realmo AI

    315 Wellington Avenue, Cranston, RI 02910

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    For Sale
    $449,900

    Versatile industrial/commercial property in Cranston's Wellington Avenue industrial corridor.

    Type:Commercial
    Property size:
    3,600 SF
    Price / SF:
    $124/SF
    Added:
    Mar 13, 2026
    Days on Market:
    93
    Last Refresh:
    Apr 25 at 6:19 am

    Property Features for 315 Wellington Avenue

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1952

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    Listing Contact
    Roberto Mejia

    Listing agent Roberto Mejia

    Listing office Redfin Corporation

    Listing date Mar 13, 2026

    Source Liongatere

    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 Redfin Corporation

    HighLights

    • 3,600 sq ft industrial/commercial property in Cranston's Wellington Avenue industrial corridor
    • Newer 3‑phase 440V electrical service ideal for manufacturing
    • Rubber roof installed in 2012 for durability
    • Fully fenced lot with security cameras
    • Two large gas heaters
    • Excellent accessibility to public transportation, Commuter Rail, and RI T.F. Green Airport

    Overview

    This versatile 3,600 sq ft industrial/commercial property is located in Cranston's established Wellington Avenue industrial corridor. Originally constructed in 1952 for light manufacturing use, the building has historically supported metalworking and small-scale fabrication operations, making it well suited for a variety of industrial, workshop, or commercial applications. The property features major system upgrades, including newer 3-phase 440V electrical service to accommodate manufacturing or high-power equipment. Additional improvements include a rubber roof installed in 2012, providing durability and low-maintenance protection. The building sits on a fully fenced lot with security cameras, offering added privacy and security for equipment, materials, or fleet vehicles. Interior heating is provided by two large gas heaters, allowing for year-round operational use. Strategically located with excellent accessibility, the property is near public transportation bus lines and just minutes from the Commuter Rail and Rhode Island T. F. Green International Airport, providing convenient connections for employees, suppliers, and regional travel. Ideal for manufacturing, fabrication, contractor space, storage, or commercial operations, this property offers flexible industrial utility in a well-established business location.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $27.0k $7.50
    − Vacancy −$162 −$0.05
    EGI $26.8k $7.46
    − OpEx −$4.0k −$1.12
    NOI $22.8k $6.34
    3,600 SF · lease $7.50/SF/yr · vacancy 0.60% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $325.9K
    $285.2K – $380.2K (±1% cap)
    NOI $22,812 @ 7.0% cap · market cap 5.07%
    Second Best
    Flex RnD
    $318.0K
    $278.2K – $371.0K (±1% cap)
    NOI $22,258 @ 7.0% cap · market cap 4.95%
    Theoretical Best
    Multifamily LT 5
    $856.3K
    $749.3K – $999.0K (±1% cap)
    NOI $59,942 @ 7.0% cap · market cap 13.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    C a Brown Inc Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4224659
    Latitude
    41.783783

    FAQs

    What type of property is this?
    Manufacturing property - Versatile industrial/commercial property in Cranston's Wellington Avenue industrial corridor.
    Where is this manufacturing property located?
    The property is located at 315 Wellington Avenue Cranston, RI.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: 3,600 sq ft industrial/commercial property in Cranston's Wellington Avenue industrial corridor; Newer 3‑phase 440V electrical service ideal for manufacturing; Rubber roof installed in 2012 for durability
    More about this property
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