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512 Reservoir Ave 1,560 SF 100% Leased Retail Building Cranston, RI 02910 $1,150,000 ($737.18/SF)



Investment Highlights
- Great highway access, high traffic count and visibility
Executive Summary
Fabulous Opportunity to own this Mixed Use property with high traffic count and easy access to major highways. Three buildings on three separate lots to be sold as a package only. Two buildings totaling five retail units with great visibility right on Reservoir Avenue, plus two residential apartments as well as one free standing building on Mauran Street recently used as an auto detailing shop. Corner lot - plenty of parking. Many recent improvements include new HVAC, plumbing, roofs, partial parking lot resurfacing. Retail units are in beautiful condition and presently leased. 508 offers 3 retail units totaling 1500 sq ft. 512 offers 2 retail units totaling ~1225 sf ft plus two residential units at rear. Third freestanding building is 1200 sq ft. Call for more information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,560 SF
Building Class
C
Year Built
1960
Price
$1,150,000
Price Per SF
$737.18
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.11 AC
Zoning
C-4
Parking
6 Spaces (4.37 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
Walk Score®
Very Walkable (85)
Nearby Major Retailers
Property Taxes
| Parcel Number | CRAN-000006-000002-000702 | Improvements Assessment | $147,300 |
| Land Assessment | $157,600 | Total Assessment | $304,900 |
Property Taxes
Parcel Number
CRAN-000006-000002-000702
Land Assessment
$157,600
Improvements Assessment
$147,300
Total Assessment
$304,900
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512 Reservoir Ave
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