- For Sale $3,200,000
- Property Type Retail
- Property Size 30,000 SF
- Lot Size 2.05 Acre
- Cap Rate % 7.6
- Rental Income / YR $315,253.00
- NOI / YR $243,215.00
- Taxes / YR $72,038.00
- Average Floor Size 17,496 SF
- Year Built 1987
- Date Updated Apr 1, 2026
Description
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. This property has a long history of steady occupancy maintaining a strong cash flow through the best and worst of economic times. Working on a cap rate of approximately 8%, this investment is a proven solid performer. Annual income from the leases is over $300,000 Building was constructed to accommodate the addition of an entire second level which could increase rental space by over 7500 sq ft.
NOTE: This building was constructed in three phases. Phase one in 1962, phase two in 1975 and phase three in 1987.
PLEASE NOTE THE CORRECT ASSESSED VALUE AND PROPERTY TAXES:
Combined assessed value for both parcels is $1,849,900. Property taxes for the combined parcels is $51,475.
Flex/R&D for Sale
False
Contacts
Conway Commercial Group
Location
Located at 555 Atwood Ave, Cranston, RI 02920, this property is part of the Laurel Hill neighborhood and Providence market.
Conway Commercial Group
