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    OFF-MARKET
    Showrooms

    68 Gansett Ave, Cranston, RI 02910-2422

    4,018 SF 0.13 ac lot Built 1958
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US76-0392605
    Property summary
    AI-generated overview

    This unique 2,200 square foot commercial property at 68 Gansett Avenue in Cranston, RI, presents a compelling investment opportunity. Currently zoned B-1 Residential, it offers significant potential for redevelopment. The property boasts a rich history as a two-story, four-unit multi-family building, and current zoning allows for a duplex or, with updated density regulations, potentially a four-plex. The flexible zoning also accommodates a mixed-use development, ideal for a business owner seeking live-work space. The expansive 5,600 square foot building includes 2,000 square feet of living space, already separated into a vacant unit ready for repurposing. Two separate garages/storage areas provide parking for up to five or six vehicles, with additional off-street parking available. The property benefits from numerous recent updates, including a newer roof and air conditioning unit. Some utilities are separately metered for efficiency. Its prime location across the street from the Peter Pastore Youth Center and a city park adds significant value and appeal. The 0.13-acre lot provides ample space for future development or expansion. This property is ready for a new vision and offers a rare chance to capitalize on its versatile zoning and desirable location. Easy to show.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1958
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,018 SF
    Lot 0.13 ac (5,628 SF)
    Zoning code B1
    APN CRAN M:7-5 L:2036 U:
    UPID US76-0392605
    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
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    Blend (final) Blend
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    Owner & transaction history
    Germosen Enterprises LLC · 1 yrs held
    Germosen Enterprises LLC
    since 2025
    Last sale
    $530,000
    6 recorded transactions
    2025
    $530,000
    2022
    2018
    2017
    $215,000
    2008
    $100,000
    1994
    $100,000
    Zoning & alternative use
    B1 · Cranston, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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