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OFF-MARKET
Specialty properties

189 Smith Cranston, RI 02905

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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