761 Park AveCranston, RI 02910

Property Details for 761 Park Ave

Year built

1946

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

2,679 SF

Zone code

C1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

CRAN M:6-1 L:119 U:

APU

CRANM61L119U

Description

This exceptional 2,732-square-foot commercial building is situated on a 0.12-acre lot at 761 Park Avenue in Cranston, Rhode Island. Its prime location on a high-traffic street offers unparalleled visibility and accessibility, just 10 minutes from downtown Providence. The single-level building is zoned C1 and boasts a versatile layout, previously utilized as a medical office and beauty salon. The interior comprises eight individual rooms, a spacious reception area, and a large waiting room, all freshly painted and ready for immediate occupancy. Recent fire code upgrades ensure compliance and peace of mind. Ample off-street parking is available for clients and staff. This property presents a fantastic opportunity for a variety of businesses seeking a well-maintained, conveniently located space in a thriving area. The building is currently available for lease. Its adaptable design and desirable location make it an ideal choice for entrepreneurs and established businesses alike. The asking price is $559,900. Don't miss this chance to secure a prominent commercial presence in Cranston.

• CAP approach

  CAP return

  Valuation

  6%

  $651,090

  6.5%

  $601,007

  7%

  $558,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $882,096

  Geo Method

  $882,096

• Alternative Use

  Use

  Valuation

  Residential

  $506,972

  Hospitality

  $464,383

  Educational

  $386,361

  Medical

  $399,649

  Retail

  $601,007

Location Insight

City

Cranston

County

Providence

State

Rhode Island

Latitude

41.7783

Longitude

-71.4316

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.