189 Smith St Smith St Cranston, RI 02905
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 189 Smith St Smith St
- Year built
- 1930
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property at 189 Smith Street in Cranston, Rhode Island, presents a compelling investment opportunity. The 3,310 square foot lot houses a single building constructed in 1930, featuring a total of three units. The configuration includes a mix of commercial and residential spaces, offering a diversified income stream. Currently, two of the three units are occupied, generating immediate rental income. The property includes a two-car garage, providing additional rental potential or valuable storage space. The residential units boast elegant hardwood floors. This well-maintained property is situated in a high-demand area of Cranston, promising strong rental potential and future appreciation. The asking price is $599,000. This is an ideal opportunity for investors seeking a stable, income-producing asset in a desirable Rhode Island location. The property's blend of commercial and residential units provides a balanced portfolio, mitigating risk and maximizing returns. The existing tenants provide immediate cash flow, while the potential to increase rental rates offers further upside. The two-car garage adds to the overall value and versatility of this attractive investment. Located in Providence County, Rhode Island, with a 02905 zip code, this property offers easy access to local amenities and transportation. This meticulously maintained building represents a rare opportunity to acquire a well-positioned mixed-use property in a thriving Cranston neighborhood.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.395
- Latitude
- 41.7851
