517 Niantic AveCranston, RI 02910
- Other commercial real estate
- 1,524 SF
Property Details for 517 Niantic Ave
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 1,524 SF
- Zone code
- M2
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- CRAN M:6-4 L:3323 U:
- APU
- CRANM64L3323U
Description
This exceptional commercial property, located at 517 Niantic Avenue in Cranston, Rhode Island, presents a unique investment opportunity. Built in 1950, the single-story building sits on a 3,049 square foot lot and offers a versatile space ideal for a variety of commercial uses. The property is zoned for commercial, auto shop, warehouse, garage/parking, and other uses. Key features include large bay commercial garage doors, central air conditioning, and ample parking. Above the garage, a private office space boasts its own entrance, a full kitchen, a bathroom, a laundry area, and additional storage. The building's prime location on Route 10 ensures high visibility and excellent exposure to significant traffic, making it an attractive proposition for businesses seeking a prominent presence. The asking price for this well-maintained property is $389,900. This is a rare opportunity to acquire a fully updated commercial building in a highly desirable location. The property's versatility and excellent features make it a strong contender for a variety of commercial ventures. Don't miss this chance to own a piece of Cranston's thriving commercial landscape.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $370,385
- 6.5%
- $341,894
- 7%
- $317,473
-
Comparable approach
- Method
- Valuation
- Relative Method
- $501,797
- Geo Method
- $501,797
-
Alternative Use
- Use
- Valuation
- Residential
- $288,400
- Hospitality
- $264,173
- Educational
- $219,789
- Medical
- $227,348
- Retail
- $341,894
Location Insight
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Latitude
- 41.7905
- Longitude
- -71.4374
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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