545 - 555 Atwood Av, Cranston, RI
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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.
Commercial:$2,500,000
MLS Number: 1284341 - ACTIVE
Lot Size:1.87 Acres
Year Built:1962
Listed By: Mott & Chace Sotheby's Intl.
Bathrooms:
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Beds:
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Building Levels:
1
Cooling:
Central Air, Individual Unit
Electric:
220 Volts, 400 Amps, Circuit Breaker, Individual Meter
Equipment:
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Exterior:
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Finished Floor:
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Fireplace Type:
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Fireplaces:
None
Garage Spaces:
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Garage Type:
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Handicap Accessible:
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Heat:
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Heating System:
Central Air, Central Heat
Hot Water:
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Living Area:
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Lot:
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Near:
Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Recreational Facilities, Schools, Shopping
Neighborhood:
Knightsville/ Atwood
Pool:
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Rooms:
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Sewer:
Connected
Style Type:
Commercial, Food/Beverage, Free-Standing, Professional Service, Restaurant, Sports/Entertainment, Tavern/Bar/Nightclub, Warehouse/Distribution
Under Construction:
No
Water Amenities:
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Zip Code:
02920
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