189 Smith Cranston, RI 02905
This exceptional Cranston, Rhode Island property, located at 189 Smith Street, presents a unique investment opportunity encompassing a 3,310 square foot lot. Currently configured as a mixed-use building, the property includes two commercial spaces and two residential units, offering a diversified income stream. While one commercial space is vacant, the remaining units generate immediate rental income. The residential units feature attractive hardwood floors. The property also includes a two-car garage, providing additional rental potential or owner use. Situated in a high-demand area of Cranston, this property offers significant upside potential for increasing rental rates to market value. The 02905 zip code ensures strong tenant demand for both commercial and residential spaces. This meticulously maintained property is ideal for investors seeking a reliable and lucrative return on investment in a prime Cranston location. The asking price for this exceptional opportunity is $599,000. This is a special purpose property classified as commercial land.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.