189 Smith St Smith StCranston, RI 02905

Property Details for 189 Smith St Smith St

Year built

1930

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional mixed-use property at 189 Smith Street in Cranston, Rhode Island, presents a compelling investment opportunity. The 3,310 square foot lot houses a single building constructed in 1930, featuring a total of three units. The configuration includes a mix of commercial and residential spaces, offering a diversified income stream. Currently, two of the three units are occupied, generating immediate rental income. The property includes a two-car garage, providing additional rental potential or valuable storage space. The residential units boast elegant hardwood floors. This well-maintained property is situated in a high-demand area of Cranston, promising strong rental potential and future appreciation. The asking price is $599,000. This is an ideal opportunity for investors seeking a stable, income-producing asset in a desirable Rhode Island location. The property's blend of commercial and residential units provides a balanced portfolio, mitigating risk and maximizing returns. The existing tenants provide immediate cash flow, while the potential to increase rental rates offers further upside. The two-car garage adds to the overall value and versatility of this attractive investment. Located in Providence County, Rhode Island, with a 02905 zip code, this property offers easy access to local amenities and transportation. This meticulously maintained building represents a rare opportunity to acquire a well-positioned mixed-use property in a thriving Cranston neighborhood.

Location Insight

City

Cranston

County

Providence

State

Rhode Island

Latitude

41.7851

Longitude

-71.395

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