Cranston Commercial Building For
For Sale
$599,900
840 Park Avenue, Cranston, RI 02910
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 44%
Home Improvements & Furnishings 6%
Dunkin' Donuts
Dining
22,372 visits/mo
0.5 miles
Dollar Tree
Shops & Services
14,683 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,901 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,941 visits/mo
0.3 miles
True Value Hardware
Home Improvements & Furnishings
4,087 visits/mo
0.3 miles
Demographics for 02910, RI
21,907
Population
9,319
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
3.4 sq mi
ZIP Area
6,443
Density / Sq Mi
$85,909
Median Household Income
$47,538
Median Earnings
$1,385
Median Rent
$302,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
