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    Property profile & analytics
    OFF-MARKET Estimated value $655,000
    Industrial properties

    1420 Elmwood Ave, Cranston, RI 02910-3847

    12,153 SF 1.98 ac lot Built 1935
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US76-0178618
    Property summary
    AI-generated overview

    This exceptional Cranston, RI industrial property, located at 1420 Elmwood Avenue, offers a versatile 9,358 square foot building situated on a generous 1.97-acre lot. The property features a well-designed layout combining 7,926 square feet of warehouse space with 1,200 square feet of office space, ideal for a variety of businesses. The warehouse boasts one loading dock for efficient shipping and receiving, complemented by ample parking with over 20 spaces. A full basement with bulkhead access provides additional storage capacity. The property is zoned M-2, allowing for a range of industrial uses. Its strategic location offers easy access to major transportation arteries, being less than half a mile from I-95 and Route 10. This prime location benefits from proximity to established businesses such as Ocean State Job Lot, Price Rite, First Years Learning Center, and Bowlero, ensuring high visibility and convenient access for employees and clients. The building includes a non-functioning elevator. This property presents a unique opportunity for businesses seeking a well-maintained, strategically located industrial space in a thriving area. The property is available for sale or lease.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1935
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 12,153 SF
    Lot 1.98 ac (86,136 SF)
    Zoning code M2
    APN CRAN M:4-1 L:2616 U:
    UPID US76-0178618
    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
    Current use
    Occupant on record · Public records
    • Gem Craft Inc Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $395k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $789k
    Blend (final) Blend
    $655k
    Owner & transaction history
    P&p Rlty LLC · 1 yrs held
    P&p Rlty LLC
    since 2024
    Last sale
    $650,000
    4 recorded transactions
    2024
    $650,000
    2018
    2007
    1993
    Zoning & alternative use
    M2 · Cranston, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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