Map of Property

545-555 Atwood Avenue

555 Atwood Ave, Cranston, RI 02920

  • For Sale $3,200,000
  • Property Type Retail
  • Property Size 30,466 SF
  • Lot Size 2.05 Acre
  • Cap Rate % 7.6
  • Rental Income / YR 315253
  • NOI / YR 243215
  • Taxes / YR 72038
  • Average Floor Size 17,496 SF
  • Year Built 1987
  • Date Updated Feb 13, 2024

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

 

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Contacts

broker

Jim Conway Is this you?

Conway Commercial Group

(401) 447-6062

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable

  • Transit Score ®

    32/100 Some Transit

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cranston, RI
  • Neighborhood Laurel Hill
  • Zip Code 02920
  • Market Providence

Points of Interest

  • Providence

    3.99 miles

  • T. F. Green Airport

    4.73 miles

  • BESTWAY

    0.60 miles

  • Speedway

    0.94 miles

  • Speedway

    1.49 miles

  • Cumberland Farms

    1.55 miles

  • Irving

    1.65 miles

  • Cumberland Farms

    1.75 miles

  • 7-Eleven

    1.86 miles

  • 7-Eleven

    1.91 miles

  • Hess

    1.96 miles

  • Gulf Express

    2.20 miles

  • FM Global Parking Employee Parking Garage

    1.18 miles

  • Roger Williams Park Zoo Parking

    2.98 miles

  • Roger Williams Park Zoo Parking

    3.01 miles

  • Regency Plaza Parking

    3.41 miles

  • Lot I

    3.42 miles

  • Roger Williams Botanical Center Visitor Parking

    3.44 miles

  • Lot K

    3.44 miles

  • Cathedral Square

    3.45 miles

  • Lot N

    3.46 miles

  • Lot J

    3.46 miles

  • China Dynasty Restaurant

    0.37 miles

  • Harriet's Kitchen

    0.45 miles

  • Mike's Kitchen

    0.48 miles

  • Honey Dew Donuts

    0.56 miles

  • Caffe Itri

    0.70 miles

  • L'osteria

    0.71 miles

  • Burger King

    0.80 miles

  • Efendis

    0.81 miles

  • Domino's Pizza

    0.94 miles

  • Dee's Deli

    0.98 miles

  • Shore's Fresh Food Market

    0.28 miles

  • R E Barry Pumps Inc

    0.33 miles

  • Rhode Island Hydrophonics

    0.34 miles

  • Stop & Shop

    0.70 miles

  • Ocean State Job Lot

    0.86 miles

  • Aldi

    1.30 miles

  • Walmart Supercenter

    1.37 miles

  • TJ Maxx

    1.51 miles

  • Stop & Shop

    1.53 miles

  • Save-A-Lot

    2.01 miles

Frequently Asked Questions

What is the lease rate for 545-555 Atwood Avenue?

Rental asking rate at 545-555 Atwood Avenue is $1,600,000.00/YR.

What is the total square footage of 545-555 Atwood Avenue?

545-555 Atwood Avenue totals 30,466 square feet.

When was this property built?

545-555 Atwood Avenue was built in 1987.

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Contact Listing Broker

broker

Jim Conway Is this you?

Conway Commercial Group

(401) 447-6062