1400 Oaklawn AveCranston, RI 02920

Property Details for 1400 Oaklawn Ave

Year built

1979

Construction

STEEL FRAME

Lot size

8.67 AC

Property size (Sq ft)

130,000 SF

Zone code

C4

Property type

Other commercial real estate

Property subtype

Showrooms

APN

CRAN M:18-3 L:1030 U:

APU

CRANM183L1030U

Description

Marshalls Plaza, located at 1400 Oaklawn Ave in Cranston, Rhode Island (zip code 02920), offers exceptional retail opportunities. This shopping center encompasses a total of 129,907 square feet and currently has 20,656 square feet of vacant space available for lease. The property is categorized as a multi-tenant retail space, perfect for a variety of businesses. Units range in size from a minimum of 1,400 square feet to a maximum contiguous space of 12,020 square feet, providing flexibility for businesses of varying scales. The property is situated in Providence County and boasts a convenient location with excellent visibility and accessibility. A key feature is the availability of a new pad site with a drive-thru option, presenting a unique advantage for businesses requiring this type of convenient customer access. This presents a rare opportunity to establish a presence in a well-established shopping center within a thriving Rhode Island community. The property's location offers significant potential for attracting a substantial customer base. Interested parties are encouraged to inquire about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $31,594,538

  6.5%

  $29,164,190

  7%

  $27,081,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,804,216

  Geo Method

  $42,804,216

• Alternative Use

  Use

  Valuation

  Residential

  $24,601,084

  Hospitality

  $22,534,462

  Educational

  $18,748,408

  Medical

  $19,393,194

  Retail

  $29,164,190

Location Insight

City

Cranston

County

Providence

State

Rhode Island

Latitude

41.7328

Longitude

-71.477

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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