37-39 Phenix Ave - Freestanding CONDO FOR SALE


Cranston, RI 02920
$330,000 USD
781-441-9993
37-39 Phenix Ave, Cranston, RI for Sale
$330,000 USD
Freestanding CONDO - FOR SALE
1/35
null | 7.7% Cap Rate

37-39 Phenix Ave
Cranston, RI 02920


HIGHLIGHTS

  • Fully equipped and operational restaurant within a high-traffic retail plaza.
  • Two contiguous units totaling approximately 1,500 sq. ft. under condominium ownership.
  • Established lease in place, producing a reported 7.7% capitalization rate.
  • Convenient access to I-95 and nearby business and residential communities.
  • On-site parking and prominent street-level visibility along Phenix Avenue.
  • Adaptable layout suitable for future retail or office configurations if desired.

OVERVIEW

This offering features two fully combined commercial condominium units in a well-established retail setting along 37 Phenix Avenue in Western Cranston. Currently configured as a fully equipped restaurant, the property benefits from a five-year lease in place, presenting a stable income stream for investors. Tenants have already been secured, ensuring consistent cash flow supported by a strong 7.7% capitalization rate.

FOR SALE DETAILS

PRICE

$330,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

7.7%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phenix Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

9,235 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,638 SF

ZONING

-

APN/PARCEL ID

CRAN-000011-000002-001861-000010

ASK ABOUT THIS PROPERTY

Javier CastroCastro RealtyMore Info
781-441-9993

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Javier CastroCastro RealtyMore Info
781-441-9993

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