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    545 Atwood Avenue

    Cranston, RI 02920
    • $2,500,000
    • STATUS: Active
    • ON SITE: 56 days
    • MLS #: 1284341
    UPDATED: 60 min ago
    $2,500,000
    • 0
      BEDS
    • 1.9
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,600
      SQFT
    • $87
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    GREAT INVESTMENT OPPORTUNITY. PERFECT 1031 Exchange Property. 30,000+ square feet of fully rented space. All tenants have multi-year leases with options. Two buildings on just under 2 acres of high visibility traffic near the Cranston/Johnston line. Working on a cap rate of just under 9%, this investment is a proven solid performer. Traffic count is over 23,00 vehicles a day. Annual income from the leases is $280,000.00 Building was constructed to accommodate the addition of an entire second level which could increase rental space by over 7500 sqft. Property has ample parking and is minutes from Interstate and major roadways. Located one hour south of Boston. Three hours to NYC. 20 minutes to International Airport and Amtrak Station.

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    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-07-30T06:37:46.547.
    www.onshorerealtors.com/homes/117844124
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    545 Atwood Avenue Cranston, RI 02920

    • Price: $2,500,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 1284341
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.9
    Acres
    28,600
    SQFT
    $87
    $/SQFT
    1962
    Built
    Neighborhood:
    Knightsville/ Atwood
    County:
    Providence
    Area:
    Cranston
    Property Description
    GREAT INVESTMENT OPPORTUNITY. PERFECT 1031 Exchange Property. 30,000+ square feet of fully rented space. All tenants have multi-year leases with options. Two buildings on just under 2 acres of high visibility traffic near the Cranston/Johnston line. Working on a cap rate of just under 9%, this investment is a proven solid performer. Traffic count is over 23,00 vehicles a day. Annual income from the leases is $280,000.00 Building was constructed to accommodate the addition of an entire second level which could increase rental space by over 7500 sqft. Property has ample parking and is minutes from Interstate and major roadways. Located one hour south of Boston. Three hours to NYC. 20 minutes to International Airport and Amtrak Station.
    Exterior Features

    Construction Materials Masonry Foundation Details Slab Frontage Length 335 Levels One Parking Total 85

    Interior Features

    Basement Full Basement YN Yes Cooling 1 UnitCentral Air Furnished Unfurnished Heating Central

    Property Features

    Business Type Food & Beverage Community Features GolfHighway AccessNear HospitalNear SchoolsPublic TransportationRecreation AreaShopping Current Use Commercial Electric 200+ Amp ServiceCircuit Breakers220 Volts Gross Income 280000 Inclusions N/A Land Lease YN No Operating Expense 0 Owner Pays InsuranceSewerTaxesWater Possible Use CommercialOfficeRetailWarehouse Property Sub Type Commercial Road Frontage Type State Road Security Features Security System OwnedSecurity SystemBuilding SecurityFire AlarmFire Sprinkler SystemSmoke Detector(S)Security Lights Sewer Connected Tax Annual Amount 52474 Tax Assessed Value 1849900 Tax Lot 31653127 Tax Year 2020 Tenant Pays Air ConditioningAll UtilitiesCommon Area MaintenanceElectricityGasGrounds CareHvac MaintenanceHeatHot WaterInsuranceJanitorial ServicePest ControlRepairsRoofSecurity Utilities Natural Gas ConnectedSewer Connected Water Source Connected Zoning M1

    Listing information © 2021 State-Wide Multiple Listing Service.
    Listing provided courtesy of Mott & Chace Sotheby's Intl..





    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-07-30T06:37:46.547.
     
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    Onshore Realtors
    57 Shore Rd, Suite B
    Westerly RI, 02891