1150 New London Ave - Office FOR SALE


Cranston, RI 02920
$2,400,000 USD
508-677-3233
1150 New London Ave, Cranston, RI for Sale
$2,400,000 USD
Office - FOR SALE
1/20
null | 9.45% Cap Rate

1150 New London Ave
Cranston, RI 02920


HIGHLIGHTS

  • 80 Parking Spaces
  • Newer Rubber Roof
  • Long-term tenants
  • Separately metered utilities
  • Great potential for added solar income

OVERVIEW

Located at 1150 New London Ave, this commercial office building offers over 25,000 sq. ft. of versatile space in a highly desirable area. Situated near the Garden City Center Shopping Center and with easy access to major highways and Providence, this location is perfect for businesses looking to thrive. Key features include: newer roof, ensuring minimal maintenance, long-term tenants in place, providing steady income, separately metered utilities for ease of management, 80 parking spaces, accommodating high traffic and customer convenience, exceptional potential for added solar income or telecom opportunities. This property presents an excellent investment with room for growth in an active and thriving market. Don't miss out on this chance to secure a prime location with long-term value. Seller willing to offer some financing.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

9.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

C4

APN/PARCEL ID

CRAN-000015-000001-001002

ASK ABOUT THIS PROPERTY

Andrea BelangerKeller Williams Realty South WatuppaMore Info
508-677-3233

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Andrea BelangerKeller Williams Realty South WatuppaMore Info
508-677-3233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.