Cranston Commercial Building For
840 Park Avenue Cranston, RI 02910
For Sale
$599,900
Highly visible commercial building with kitchen infrastructure and flexible space.
Property Size1,776 SF
Price / SF$337.78
Days on Market237
Property Features for 840 Park Avenue
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
RE/MAX Preferred
(401) 353-2600
Listed By:
Richard Zompa · License #REB.0014356
(401) 353-2600
Source:
Liongatere
Added: Dec 5, 2025
Changed: Jul 10
Last Checked: Jul 29 at 12:44PM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
Located at a busy intersection in Cranston, this stand-alone commercial building offers approximately 1,776 square feet on the main level, currently used as a catering business. An additional 1,776 square feet in the lower level includes finished office space and storage. The main level layout is suitable for a variety of potential uses, with existing kitchen infrastructure that is attractive for food-related businesses. Features include dual kitchen hoods with a full Ansul system, a generator, and a newer roof. Abundant on-street parking serves the surrounding businesses. The property offers exposure, flexible space, and strong traffic counts, making it suitable for an owner-user or investor. Much of the existing equipment may remain or be sold separately depending on the buyer's needs.
Key Highlights
- Prime location at busy intersection of Park Avenue and Pontiac Ave with high visibility
- Flexible space: 1,776 sq. ft. on the main level, plus 1,776 sq. ft. in the lower level
- Existing kitchen infrastructure with dual kitchen hoods and full Ansul system
Financial Insights For Specialty Retail
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 | $32.0k | $18.00 |
| − Vacancy | −$3.3k | −$1.85 |
| EGI | $28.7k | $16.15 |
| − OpEx | −$7.2k | −$4.04 |
| NOI | $21.5k | $12.11 |
1,776 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$307.3K
$268.9K – $358.5K
NOI $21,511 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$132.4K
$115.9K – $154.5K
NOI $9,268 @ 7.0% cap · market cap 1.54%
Theoretical Best
Multifamily LT 5
$422.4K
$369.6K – $492.9K
NOI $29,571 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Highly visible commercial building with kitchen infrastructure and flexible space.
Where is this commercial kitchen located?
The property is located at 840 Park Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Prime location at busy intersection of Park Avenue and Pontiac Ave with high visibility; Flexible space: 1,776 sq. ft. on the main level, plus 1,776 sq. ft. in the lower level; Existing kitchen infrastructure with dual kitchen hoods and full Ansul system
