Description
Exceptional Investment or Owner-Occupied Opportunity! Situated in a highly visible, high-traffic location, this turnkey development offers tremendous potential for residential or mixed-use applications. Comprised of two commercially zoned C-2 lots, the property presents a rare opportunity for investors, developers, or owner-occupants seeking flexibility and strong future value. Current approved plans feature three residential units, including a spacious first-floor apartment with two bedrooms and one full bath, complemented by two efficient one-bedroom units on the second floor. Having undergone a comprehensive redevelopment, the project offers the appeal and efficiency of effectively new construction, minimizing future maintenance concerns while maximizing rental income potential. With excellent exposure, versatile zoning, and a nearly completed redevelopment, this is a unique opportunity to capitalize on a property that is positioned for immediate occupancy or investment success. Don't miss the chance to add this income-producing asset to your portfolio.
Details
| MLS # | 1420573 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2026 |
| Days On Site | 47 |
| Listing Provided By | Era Empire Real Estate | Jimmy Ranieri |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,808 |
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | C2 |
| Acreage | 0.15 |
| Golf Course | Yes |
Interior
| Rooms Total | 10 |
|---|---|
| Heating | Natural Gas, Forced Air |
| Heating Yes / No | Yes |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Appliances | Electric Water Heater |
| Interior Features | Wall (Cermaic), Wall (Dry Wall), Wall (Plaster), Attic, Internal Expansion, Rough Bath, Stairs, Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors), Insulation (Walls) |
| Window Features | Insulated Windows |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
| Fireplace Features | None |
| Laundry Features | In Unit |
Exterior
| Exterior Features | Porch |
|---|---|
| Foundation Details | Concrete Perimeter, Mixed, Slab |
| Lot Features | Corner Lot, Paved |
| Patio And Porch Features | Porch |
| Community Features | Commuter Bus, Golf, Highway Access, Private School, Recreational Facilities, Restaurants, Shopping, Near Swimming |
| Construction Materials | Ceramic, Dry Wall, Plaster, Vinyl Siding |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | No Garage |
Utilities
| Utilities | Sewer Connected, Water Connected |
|---|---|
| Electric | Circuit Breakers, Individual Meter |
Location
| Community Features | Commuter Bus, Golf, Highway Access, Private School, Recreational Facilities, Restaurants, Shopping, Near Swimming |
|---|
Taxes
| Tax Annual Amount | 5580 |
|---|---|
| Tax Assessed Value | 402100 |
| Tax Lot | 761 & 762 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Providence |
| City | Cranston |
| Zip Code | 02920 |
| Area | Providence |
| Listing VS Median (in 02920) | |
Price: $779,000 low | high Med: $499,000 sqft: 2,808 low | high Med: 1,768 $ / sqft: $277 low | high Med: $282 On site: 47 low | high Med: 14 | |
Market Activity 02920
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Cranston |
| Zip Code | 02920 |
| Area | Providence |
| Listing VS Median (in 02920) | |
Price: $779,000 low | high Med: $499,000 sqft: 2,808 low | high Med: 1,768 $ / sqft: $277 low | high Med: $282 On site: 47 low | high Med: 14 | |
