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Property profile & analytics
FOR SALE
Showrooms

761 Park Ave Cranston, RI 02910

2,679 SF 0.12 ac lot Built 1946
Individually Owned 9-yr Hold Free & Clear
Property ID
US76-0161328
Property summary
AI-generated overview

This exceptional 2,732-square-foot commercial building is situated on a 0.12-acre lot at 761 Park Avenue in Cranston, Rhode Island. Its prime location on a high-traffic street offers unparalleled visibility and accessibility, just 10 minutes from downtown Providence. The single-level building is zoned C1 and boasts a versatile layout, previously utilized as a medical office and beauty salon. The interior comprises eight individual rooms, a spacious reception area, and a large waiting room, all freshly painted and ready for immediate occupancy. Recent fire code upgrades ensure compliance and peace of mind. Ample off-street parking is available for clients and staff. This property presents a fantastic opportunity for a variety of businesses seeking a well-maintained, conveniently located space in a thriving area. The building is currently available for lease. Its adaptable design and desirable location make it an ideal choice for entrepreneurs and established businesses alike. The asking price is $559,900. Don't miss this chance to secure a prominent commercial presence in Cranston.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1946
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,679 SF
Lot 0.12 ac (5,104 SF)
Zoning code C1
APN CRAN M:6-1 L:119 U:
UPID US76-0161328
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
Chao Hong · 9 yrs held
Chao Hong
since 2017
3 recorded transactions
2017
Price N/A
2014
$9,038
2012
$110,000
Zoning & alternative use
C1 · Cranston, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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