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840 Park Ave 1,776 SF Retail Building Cranston, RI 02910 $817,154 CAD ($460.11 CAD/SF)
Investment Highlights
- High-visibility corner location at Park Avenue and Pontiac Avenue within a dense retail and service corridor.
- Lower-level space configured with offices and storage for operational flexibility.
- Strong traffic counts, supporting both retail and service-oriented business concepts.
- Fully equipped kitchen with dual commercial hoods and a complete Ansul fire suppression system.
- Accessible utilities: electricity, natural gas, water, and sewer connections are in place.
Executive Summary
Prime commercial opportunity at one of Cranston's busiest intersections! Located on the corner of Park Avenue and Pontiac Ave, this highly visible stand-alone building offers approximately 1,776 sq. ft. on the main level, currently used as Gourmet Caterers, plus an additional 1,776 sq. ft. in the lower level - a mix of finished office space and generous storage. The main level layout lends itself to a variety of potential uses and the existing kitchen infrastructure makes it especially attractive for food-related businesses. Features include dual kitchen hoods with full Ansul system, a generator, a newer roof, and abundant on-street parking serving the surrounding businesses. Much of the existing equipment may remain or be sold separately depending on the buyer's needs. Fantastic exposure, flexible space, and strong traffic counts make 840 Park Avenue an ideal choice for an owner-user or investor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,776 SF
Building Class
C
Year Built/Renovated
1940/2023
Price
$817,154 CAD
Price Per SF
$460.11 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.11 AC
Zoning
C3
Parking
5 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage
80’ on Park Ave
Amenities
- Bus Line
- Property Manager on Site
- Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | CRAN-000005-000001-000574 | Improvements Assessment | $413,276 CAD |
| Land Assessment | $147,112 CAD | Total Assessment | $560,388 CAD |
Property Taxes
Parcel Number
CRAN-000005-000001-000574
Land Assessment
$147,112 CAD
Improvements Assessment
$413,276 CAD
Total Assessment
$560,388 CAD
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840 Park Ave
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