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$1,300,000
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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.
Full Property Details
Full Property Details for 540 Reservoir Ave
General
- Sold For: $1,300,000
- Taxes: $17,890 (2024)
- Status: Closed
- Type: Retail
- Source: STWMLS
- MLS ID: 1376775
- Added to Site: 393 day(s) ago
Business
- Business Type: Retail
Rental Information
- Lease Info: Net
Parking
- Total Spaces: 20
Location
- County: Providence
Community
- Units Assoc/Comm: 3
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Central
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Natural Gas Connected, Sewer Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Attached
- Construction: Frame
- Stories/Levels: 0
- Building Size: 4200
- Finished Total: 4,200 Sq. Ft.
- Finished Above Grnd: 4,200 Sq. Ft.
- Year Built: 1999
Lot Features
- Lot Size (Sq. Ft.): 19,000
- Lot Size: 19000
Financial Considerations
- Tax Amount: $17,890
- Tax Year: 2024
- Owner Pays: Insurance, Taxes
- Tenant Pays: Air Conditioning, Electricity, Gas, Heat, Hot Water, Snow Removal, Sewer, Trash Collection, Water
Disclosures and Reports
- Property ID: 540RESERVOIRAVCRAN
- Lot Number: 666
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Sold by RE/MAX Properties
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Schools
Schools serving 540 Reservoir Ave
School District:Cranston School District
| Name | Grades | Distance |
|---|---|---|
W. R. Dutemple School 32 Garden Street, Cranston, RI 02910 | K-5 | 0.4 mi |
Park View Middle School 25 Park View Boulevard, Cranston, RI 02910 | 6-8 | 1.3 mi |
Cranston High School East 899 Park Avenue, Cranston, RI 02910 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 540 Reservoir Ave
Date
Details
Price
Change
Source
7/02/2025
Sold
$1,300,000
-13.28%
MLS
1/22/2025
Listed
$1,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
540 Reservoir Avenue, Cranston, RI 02910 (MLS# 1376775) is a Retail property that was sold at $1,300,000 on July 02, 2025. Want to learn more about 540 Reservoir Avenue? Do you have questions about finding other Retail real estate for sale in Cranston? You can browse all Cranston real estate or contact a Coldwell Banker agent to request more information.

