41.790726 -71.47182
$2,500,000
Active
28,600Sqft
81,437Lot Size
Commercial/Business in Cranston
GREAT INVESTMENT OPPORTUNITY. PERFECT 1031 Exchange Property. 30,000+ square feet of fully rented space. All tenants have multi-year leases with options. Two buildings on just under 2 acres of high visibility traffic near the Cranston/Johnston line. Working on a cap rate of just under 9%, this investment is a proven solid performer. Traffic count is over 23,00 vehicles a day. Annual income from the leases is $280,000.00 Building was constructed to accommodate the addition of an entire second level which could increase rental space by over 7500 sqft. Property has ample parking and is minutes from Interstate and major roadways. Located one hour south of Boston. Three hours to NYC. 20 minutes to International Airport and Amtrak Station.
Courtesy Of Mott & Chace Sotheby's Intl. See how Multiple Listing Services benefit you >

Main Features

  • Listing Status: Active
  • Year Built: 1962
  • County: Providence
  • Taxes: $52,474.00
  • Zoning: M1
  • Subdivision: Knightsville/ Atwood
  • MLS Number:1284341

Additional Features

  • Zoning:
    • M1
  • Cooling:
    • Central Air
    • Individual Unit
  • Furnished:
    • 0
  • Inclusions:
    • n/a
  • Building Description:
    • Masonry
  • Loading Dock:
    • 11-14 Ft
  • Location:
    • Free Standing
    • Strip Store
    • Suburban
  • Occupied By:
    • Tenant
  • Type:
    • Commercial
    • Food/Beverage
    • Free-Standing
    • Professional Service
    • Restaurant
    • Sports/Entertainment
    • Tavern/Bar/Nightclub
    • Warehouse/Distribution
  • Basement Details:
    • Full
  • Foundation:
    • Slab
  • Acres:
    • 1.90
  • Frontage:
    • 335
  • Close To:
    • Bus
    • Commuter Bus
    • Golf
    • Highway Access
    • Hospital
    • Interstate
    • Private School
    • Public School
    • Recreational Facilities
    • Schools
    • Shopping
  • Electric:
    • 220 Volts
    • 400 Amps
    • Circuit Breaker
    • Individual Meter
  • Heating System:
    • Central Air
    • Central Heat
  • Sewer:
    • Connected
  • Utilities:
    • Gas Connected
  • Number of Buildings:
    • 2
  • Road:
    • State
  • Water:
    • Connected
  • Existing Lease(s):
    • NNN
  • Financing Source:
    • Accountant
  • Franchise:
    • N
  • Owner Pays:
    • Insurance
    • Sewer
    • Taxes
    • Water
  • Miscellaneous Features:
    • Aerial Photo
    • Recorded Plan
    • Site Plan
  • Tenant Pays:
    • Air Conditioner
    • All Expenses
    • Common Area Maintenance
    • Electric
    • Gas
    • Grounds Care
    • Heat
    • Hot Water
    • HVAC Maintenance
    • Insurance
    • Janitorial
    • Pest Control
    • Repairs
    • Roof Maintenance
    • Security
    • Sewer
    • Snow Removal
    • Telephone
    • Trash Service
    • Water
  • Above Grade SQFT:
    • 28600
  • Building Levels:
    • 1
  • Cap Rate:
    • 8.65
  • Divisable:
    • N
  • Freestanding:
    • Y
  • Insurance Expense:
    • 11216.00
  • Lease Renewal Option:
    • Y
  • Lot Size Sq Ft:
    • 81437
  • Number Of Units Leased:
    • 4
  • Onsite Parking Spaces:
    • 85
  • Ownership Type:
    • Corporation
  • Total Parking Spaces:
    • 85
  • Use Type:
    • Commercial
  • Water Sewer Exp:
    • 3000.00
  • Years Current Owner:
    • 62
100 Exchange Street Commercial Unit D Providence RI 02903
Let us help you!

By pressing request info, you agree that RI Living and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. Message/data rates may apply. You also agree to our Terms of Use.

Payment Calculator

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Lightbulb

The Rhode Island Association of REALTORS® is the most up-to-date source for listings.

The Multiple Listing Service is where detailed information about every home for sale and sold is kept and shared. See how Rhode Island Association of REALTORS® MLS benefits the real estate market.