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    761 Park Ave Cranston, RI 02910

    Sponsored
    For Sale
    $559,900

    Prime Cranston location, renovated office space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 761 Park Avenue, Cranston, Rhode Island, presents a unique investment opportunity. The single-story, 2,700 square foot building sits on a 5,104 square foot lot and is ideally situated on a high-traffic street, offering excellent visibility and accessibility. Built in 1946, the building has undergone recent renovations, including a fresh coat of paint throughout and updated fire codes compliance. The versatile floor plan includes eight individual rooms, a spacious reception area, and a large waiting room, making it suitable for a variety of uses. Previously utilized as a medical office and beauty salon, the property's zoning (C1) allows for diverse commercial applications. The building offers off-street parking for added convenience. This property is ready for immediate occupancy and presents a strong return on investment. The asking price is $559,900. Located just 10 minutes from downtown Providence, this Cranston gem offers unparalleled convenience and accessibility. The property includes one building with one unit.

    Property Features for 761 Park Ave

    General Information

    Property type
    Medical offices

    Building Details

    Year Built
    1946
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $559,900 asking price.
    • 1‑story, 2,700 SF building on a 5,104 SF lot in Cranston, RI.
    • Built in 1946; C1 zoning.
    • Previously used as medical office and beauty salon; 8 rooms plus reception and waiting areas.
    • Recently fire‑coded, freshly painted, and ready for occupancy.
    • Off‑street parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.431577
    Latitude
    41.7782855

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    FAQs

    What type of property is this?
    Medical office - Prime Cranston location, renovated office space.
    Where is this medical office located?
    The property is located at 761 Park Ave 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: $559,900 asking price.; 1-story, 2,700 SF building on a 5,104 SF lot in Cranston, RI.; Built in 1946; C1 zoning.
    Request Owner's contact information
    761 Park Ave Cranston, RI 02910
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    761 Park Ave Cranston, RI 02910
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