10 Gansett AveCranston, RI 02920

Property Details for 10 Gansett Ave

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

2,804 SF

Zone code

C2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

CRAN M:7-5 L:3740 U:

APU

CRANM75L3740U

Description

This exceptional commercial property at 10 Gansett Avenue in Cranston, Rhode Island, presents a unique opportunity for business owners. Spanning 2,800 square feet on a 0.26-acre lot, this building is currently operating as a thriving automotive repair shop. The property boasts five spacious overhead bays, each equipped to handle vehicle servicing, complemented by multiple vehicle lifts. A comprehensive inventory of tools and equipment is included, ensuring a seamless transition for a new owner. The existing setup is fully operational and possesses all necessary licenses, offering a truly turnkey solution. Beyond the main workshop, the building includes dedicated office space, restrooms, and ample parking accommodating over 20 vehicles. This substantial parking area is ideal for businesses requiring space for both employees and customers. The building itself is well-maintained and offers significant adaptability, making it suitable for a variety of uses beyond automotive repair. Whether an established business seeking expansion or a new venture requiring substantial functional space, this property in a prime Cranston location presents a compelling investment opportunity. The asking price is $690,000.

• CAP approach

  CAP return

  Valuation

  6%

  $681,470

  6.5%

  $629,049

  7%

  $584,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $923,254

  Geo Method

  $923,254

• Alternative Use

  Use

  Valuation

  Residential

  $530,626

  Hospitality

  $486,051

  Educational

  $404,389

  Medical

  $418,296

  Retail

  $629,049

Location Insight

City

Cranston

County

Providence

State

Rhode Island

Latitude

41.7905

Longitude

-71.452

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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