892 Oaklawn Ave Cranston, RI 02920
- Showrooms
- 4,199 SF
- 0.22 lot acres
Current Use by Public Records
- Dr. Rafael A. Torres, MD / Doctor
- Wajahat Faheem / Psychiatrist
Property Details for 892 Oaklawn Ave
- Year built
- 1969
- Construction
- FRAME
- Lot size
- 0.22 lot acres
- Property size
- 4,199 SF
- Zone code
- C2
- Property type
- Showrooms
- APN
- CRAN M:15-2 L:61 U:
- APU
- CRANM152L61U
Description
This exceptional 4,200 square foot commercial building is strategically located on highly trafficked Oaklawn Avenue in Cranston, Rhode Island, near the intersection with Brayton Street. The property sits on a 0.22-acre lot (9,547 square feet) and includes ample parking with 13 spaces, a significant advantage in this area. The building boasts a modern interior featuring updated bathrooms and central air conditioning, complemented by attractive laminate flooring throughout. Currently configured as a single commercial space, this property offers the exciting potential for conversion back into three separate commercial or office suites, providing flexibility for a variety of business needs. Its prime location near the Garden City Center Shopping Center ensures high visibility and convenient access to a substantial customer base. Furthermore, its proximity to major highways and the city of Providence offers unparalleled accessibility for employees and clients alike. This well-maintained building presents a compelling investment opportunity for owner-occupants or investors seeking a strong return in a thriving commercial district. The combination of size, location, parking, and modern amenities makes this property a truly exceptional offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $365,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $385,000
- Retail
- $435,000
- Mixed-Use
- $375,000
- Hospitality
- $360,000
- Educational
- $425,000
- Residential Income
- $440,000
- Energy
- $375,000
- Income-Based Land
- $355,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4784
- Latitude
- 41.7475
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA