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Mixed Use in Highly Visible Location 1428 Park Ave 2,495 SF 22% Leased Retail Building Cranston, RI 02920 $549,900 ($220.40/SF)
Investment Highlights
- Mixed Use
- Growth Potential
- High Visibility
Executive Summary
Welcome to 1428 Park Avenue, a one-of-a-kind opportunity to own a versatile mixed-use property featuring a two-family home and an established ice cream shop in the heart of Cranston. The residential portion includes two spacious units, each with 2 bedrooms and 1 full bath. Both are currently vacant. Two Family also benefits from off-street parking and a detached garage for added convenience. The commercial space is home to a well-known local ice cream shop that has become a community favorite. This property is being sold as-is.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$8,153
|
$2.56
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,153
|
$2.56
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $8,153 |
| Annual Per SF | $2.56 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $8,153 |
| Annual Per SF | $2.56 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,495 SF
Building Class
C
Year Built
1920
Price
$549,900
Price Per SF
$220.40
Percent Leased
22%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.14 AC
Zoning
C5 - Commercial Zoning
Parking
2 Spaces (0.8 Spaces per 1,000 SF Leased)
Frontage
128’ on Park Avenue
Amenities
- 24 Hour Access
- Controlled Access
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Fiber Optic Internet
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | CRAN-000011-000002-000289 | Total Assessment | $391,600 |
| Land Assessment | $131,800 | Annual Taxes | $8,153 ($3.27/SF) |
| Improvements Assessment | $259,800 | Tax Year | 2025 |
Property Taxes
Parcel Number
CRAN-000011-000002-000289
Land Assessment
$131,800
Improvements Assessment
$259,800
Total Assessment
$391,600
Annual Taxes
$8,153 ($3.27/SF)
Tax Year
2025
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Mixed Use in Highly Visible Location | 1428 Park Ave
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