Cranston Commercial Building For
761 Park Avenue Cranston, RI 02910
761 Park Avenue, Cranston, RI, 02910
$559,900
For Sale
$559,900
2700 SF commercial building in high-traffic Cranston location.
Property Size2,700 SF
Price / SF$207.37
Days on Market399
Property Features for 761 Park Avenue
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing Agency
Green Island Realty, Inc.
(401) 286-8898
Listed by
Feng Lei · License #REC.0016670
(401) 286-8898
Source
Liongatere
Added: Jun 18, 2025 Updated: Jul 10 at 1:17 pm Checked: Jul 19 at 5:07 am
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 Green Island Realty, Inc.
Investment Insights
Based on property information with market context.
This one-level, 2700 square foot building is situated on a high-traffic street in Cranston, approximately 10 minutes from downtown Providence. The property is zoned C1 and was formerly used as a medical office and a beauty salon. The interior layout includes 8 rooms, a reception area, and a large waiting room. The building has been recently fire coded and features new interior paint. Off-street parking is available. The property is suitable for commercial real estate, medical office space, office properties, spa and wellness properties, and healthcare properties.
Key Highlights
- High‑traffic location in Cranston.
- Zoned C1 for commercial use.
- 2700 square feet one‑level building.
Local Financial Insights For Office B
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 | $54.1k | $20.04 |
| − Vacancy | −$7.6k | −$2.81 |
| EGI | $46.5k | $17.23 |
| − OpEx | −$11.6k | −$4.31 |
| NOI | $34.9k | $12.93 |
2,700 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$498.6K
$436.3K – $581.7K
NOI $34,900 @ 7.0% cap · market cap 6.23%
Second Best
Healthcare Medical
$373.7K
$327.0K – $436.0K
NOI $26,162 @ 7.0% cap · market cap 4.67%
Theoretical Best
Multifamily LT 5
$642.2K
$562.0K – $749.3K
NOI $44,956 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - 2700 SF commercial building in high-traffic Cranston location.
Where is this medical office space located?
The property is located at 761 Park Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: High‑traffic location in Cranston.; Zoned C1 for commercial use.; **2700 square feet one‑level building.**
