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Freestanding Class A Building in Prime Spot 838 Reservoir Ave 1,398 SF Retail Building Cranston, RI 02910 $399,000 ($285.41/SF)



Investment Highlights
- High Visibility
- Great Signage
- Completely Renovated - No Future Expenditures
- Amazing Location
Executive Summary
Great opportunity to own a completely renovated freestanding office building on a highly visible corner lot in a central, easily accessed location. This property underwent a complete rehabilitation including all structural, mechanical, and cosmetic systems, offering buyers peace of mind and many years of low-maintenance ownership. The main office space spans two floors and includes a welcoming waiting area with durable porcelain tile flooring, kitchenette, bathroom, and private office on the first floor. Upstairs, you’ll find two additional private offices and a second bathroom, also finished with porcelain tile and premium Vigo vessel sinks. The 400+/- sq. ft. unfinished basement, complete with a separate entrance and bathroom hookups, provides excellent potential for a secondary office suite, rental income, or secure storage. This property is move-in ready and perfect for professionals seeking a turnkey solution in a high-visibility location. The property also features excellent signage with a very high daily car count and quick access to all points including Providence, RI Airport, Rail, Interstates & more. Can be conveyed furnished for immediate use.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$4,060
|
$2.90
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,060
|
$2.90
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $4,060 |
| Annual Per SF | $2.90 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,060 |
| Annual Per SF | $2.90 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,398 SF
Building Class
C
Year Built/Renovated
1950/2025
Price
$399,000
Price Per SF
$285.41
Tenancy
Single
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.07
Lot Size
0.03 AC
Zoning
C1 - Commercial 1. Many potential uses.
Frontage
Amenities
- 24 Hour Access
- Controlled Access
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | CRAN-000009-000005-001848 | Total Assessment | $195,000 |
| Land Assessment | $86,000 | Annual Taxes | $4,060 ($2.90/SF) |
| Improvements Assessment | $109,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
CRAN-000009-000005-001848
Land Assessment
$86,000
Improvements Assessment
$109,000
Total Assessment
$195,000
Annual Taxes
$4,060 ($2.90/SF)
Tax Year
2025
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Freestanding Class A Building in Prime Spot | 838 Reservoir Ave
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