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Industrial & Retail At Park & Elmwood 551 Park Avenue 16,880 SF 100% Leased Industrial Building Cranston, RI 02910 $1,300,000 ($77.01/SF) 7.60% Cap Rate

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EXECUTIVE SUMMARY

Industrial Building with 4 Unit retail equipped, at the 4 way intersection of Park & Elmwood Ave. All retail is leased and landlord will be on a market rate lease upon the execution of the sale. Great opportunity for owner user or investor.

PROPERTY FACTS

Price $1,300,000
Price Per SF $77.01
Sale Type Investment or Owner User
Cap Rate 7.60%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.11 AC
Rentable Building Area 16,880 SF
No. Stories 3
Year Built 1900
Parking Ratio 0.59/1,000 SF
Zoning B2
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
CRAN-000003-000002-001625
Land Assessment
$92,500
Improvements Assessment
$103,500
Total Assessment
$196,000
  • Listing ID: 33272708

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 551 Park Avenue, Cranston, RI 02910

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