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Presented by
The Maureen Moran Team |
150 Burnside Street, Cranston, RI, 02910 | $899,000
Opportunity awaits! This beautiful commercial property offers exceptional flexibility for a wide range of uses. Currently configured as professional office space, the building features 3 separate units, each with its own private entrance or combined for a larger operation. Every detail has been thoughtfully updated no stone left unturned. An oversized heated 2-car garage provides additional rental value, ideal for contractors, specialty trades, storage, or supplemental commercial use. The extensive updates eliminate near-term capital expenditures, offering investors immediate stability and long-term upside. Located on a corner lot just off Reservoir Avenue, the site benefits from strong traffic counts, ample parking, and exceptional accessibility to Rt 95, Rt 10, and Rt 6, with Providence only minutes away. Zoning flexibility makes this a standout opportunity perfect for professional offices, medical suites, salon studios, creative workspaces, daycare, a church, or exploring conversion to multi-unit residential for even greater returns. The existing businesses are relocating; real estate only is for sale. Strong income potential, turnkey condition, and an unbeatable location make this a smart addition to any investor's portfolio.
Features
- Property Type: Commercial
- Permitted Use: Commercial,Medical/Dental,Multi-Family,Mixed Use,Office,Place of Worship
- Construction: Frame,Masonry
- Utilities: Electricity Available,Fiber Optic Available,Natural Gas Connected,Municipal Utilities,Phone Available,Water Connected,Sewer Not Available
- Parking: 22-car
- Heating: Central
- Cooling: Central Air
- Amenities: Highway Access,Public Transportation,High Traffic Location,Sidewalks
- Units: 1
- Zoning: B-1
- Year Built: 1977
- Acreage: 0.34
- Est. Taxes: $10,110
- MLS#: 1401034
- Website: https://www.raveis.com
/prop/1401034/150burnsidestreet_cranston_ri?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
The Maureen Moran TeamREALTORS
978.884.8211
TheMaureenMoranTeam@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 38342
978.314.1072
Joanne.OKeefe@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
150 Burnside Street, Cranston, RI, 02910
$899,000
The Maureen Moran Team
REALTORS
William Raveis Real Estate
Phone: 978.884.8211
TheMaureenMoranTeam@raveis.com
Joanne O'Keefe
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $719,200 | $719,200 | $719,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.048% | 5.858% | 5.681% |
| Monthly Tax Payment | $843 | $843 | $843 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,861 | $4,197 | $5,876 |
| Total Monthly Payment | $4,795 | $5,131 | $6,810 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB