37 Fletcher Ave, Cranston, RI 02920-2522
This exceptional Cranston, RI commercial property, located at 37 Fletcher Avenue, presents a unique investment opportunity. The 1,480 square foot building sits on a 4,500 square foot lot and offers a versatile space suitable for a variety of commercial uses, including auto repair, automotive sales, parts distribution, construction, contracting, or general warehousing. Built in 1970, the single-story structure features a recently updated roof, a newly remodeled bathroom and office, and a modern mini-split HVAC system for efficient climate control. Ample parking is available in the large lot, and a raised garage facilitates easy loading and unloading of materials and equipment. The property boasts a significant upgrade with a new 400-amp electrical service, ensuring sufficient power for diverse operational needs. This prime Cranston location offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a functional and well-maintained space. The property is offered at $269,900 and comprises one unit. This is a rare opportunity to acquire a well-equipped commercial building in a desirable location. Don't miss out on this chance to establish or expand your business in this thriving Rhode Island community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Cranston, RICranston. Always verify with local authorities before improvements.
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.