Property summary
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
VerifiedCap rate & NOI
Current use
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HVAC Service General Contractor
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Accounting Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this district is to provide General Industry including Manufacture of rubber and plastics
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M2 · Cranston, RIThe intent of this district is to provide General Industry including Manufacture of rubber and plastics
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this district is to provide General Industry including Manufacture of rubber and plastics
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M2 in Cranston, RI.
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