1. Rhode Island
  2. Cranston
  3. 540 Reservoir Avenue
$1,499,000

540 Reservoir Avenue, Cranston, RI 02910

  • 4,200 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1999
  • Property Lot Size Icon0.44acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $357/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Prime Investment Opportunity – Fully Rented 3-Unit Strip Center Discover a rare opportunity to own a fully rented 3-unit strip center in the heart of Cranston’s bustling retail & business corridor. Built in 1999, this well-maintained property offers a total of 4,200 square feet of versatile commercial space, situated on a highly visible, corner-lot location on one of Rhode Island’s busiest state roads. Property Highlights: •Fully Rented: All three units are currently leased, providing immediate and consistent rental income. •Ample Parking: A spacious 19,000 sq. ft. parking lot offers convenience for tenants and their customers. •High-Traffic Location: Positioned on two corners, this property benefits from excellent exposure and visibility in a thriving area with heavy foot and vehicle traffic. •Surrounded by Businesses: Located near a mix of retail centers, restaurants, and professional offices, making it a destination for shoppers and commuters alike. •Modern Build: Constructed in 1999, the building requires minimal updates, ensuring a low-maintenance investment. Investment Opportunity: This property presents a solid investment with immediate income potential in a prime Cranston location. Its strategic placement on Reservoir Ave. ensures long-term demand and steady appreciation. Schedule a private showing today to explore this outstanding investment property and secure your place in Cranston’s thriving commercial market! Call for more information.

Listing Status:
Pending
Date Added:
January 22, 2025 at 06:00AM
Listing Office:
RE/MAX Preferred : 401-353-2200
MLS ID:
1376775

This listing courtesy of RE/MAX Preferred

Location

Schools Nearby

W

William R. Dutemple Elementary School

32 Garden St, Cranston, RI, 02910

Grades KG-5

0.38 miles away

H

Hugh B. Bain Middle School

135 Gansett Ave, Cranston, RI, 02910

Grades 6-8

0.81 miles away

C

Cranston High School East

899 Park Ave, Cranston, RI, 02910

Grades 9-12

0.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.