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    OFF-MARKET
    Industrial properties

    37 Fletcher Ave, Cranston, RI 02920-2522

    1,480 SF 0.1 ac lot Built 1970
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US76-0017988
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1970
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,480 SF
    Lot 0.1 ac (4,500 SF)
    Zoning code M1
    APN CRAN M:12-2 L:417 U:
    UPID US76-0017988
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Atwood Prop Grp LLC · 1 yrs held
    Atwood Prop Grp LLC
    since 2025
    Last sale
    $235,000
    7 recorded transactions
    2025
    2025
    $235,000
    2022
    $155,000
    2022
    2020
    2018
    $6,170
    2016
    Zoning & alternative use
    M1 · Cranston, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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