Property profile

517 Niantic Ave Cranston, RI 02910

OFF-MARKET
Showrooms
Property ID
US76-0110913
1,524 SF 0.07 ac lot Built 1950
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 517 Niantic Avenue in Cranston, Rhode Island, presents a unique investment opportunity. Built in 1950, the single-story building sits on a 3,049 square foot lot and offers a versatile space ideal for a variety of commercial uses. The property is zoned for commercial, auto shop, warehouse, garage/parking, and other uses. Key features include large bay commercial garage doors, central air conditioning, and ample parking. Above the garage, a private office space boasts its own entrance, a full kitchen, a bathroom, a laundry area, and additional storage. The building's prime location on Route 10 ensures high visibility and excellent exposure to significant traffic, making it an attractive proposition for businesses seeking a prominent presence. The asking price for this well-maintained property is $389,900. This is a rare opportunity to acquire a fully updated commercial building in a highly desirable location. The property's versatility and excellent features make it a strong contender for a variety of commercial ventures. Don't miss this chance to own a piece of Cranston's thriving commercial landscape.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,524 SF
Lot 0.07 ac (2,954 SF)
Zoning code M2
APN CRAN M:6-4 L:3323 U:
UPID US76-0110913

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor
  • Accounting Firm

Location

517 Niantic Ave Cranston, RI 02910-1021
Cranston metro Census 14100 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2025
Last sale
$355,000
3 recorded transactions
2025
$355,000
2021
$246,000
2012
$1

Zoning & alternative use

M2 · Cranston, RI
Zoning description

The intent of this district is to provide General Industry including Manufacture of rubber and plastics

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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