THE GANSETT BUILDING | 68-72 Gansett Ave
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THE GANSETT BUILDING 68-72 Gansett Ave
5,265 SF 100% Leased Office Building Cranston, RI 02910 $600,000 ($114/SF)
Executive Summary
CURRENT B-1 RESIDENTIAL ZONING ASSURES AN OPPORTUNITY FOR RESIDENTIAL CONDO CONVERSION. PREVIOUS 2-STORY, 4-UNIT MULTI-FAMILY BACK IN THE DAY. CURRENT ZONING INCLUDES DUPLEX OR WITH UPDATED DENSITY REGULATIONS POSSIBLE 4-PLEX. ALSO, MIX-USE FOR THE BUSSINESS OWNER WHO WANTS TO LIVE AND WORK ONSITE. UNIQUE 5600 SQ FT BUILDING INCLUDES, 2000 SQ FT OF LIVING SPACE, 2 SEPARATE GARAGES/STORAGE FOR UP TO 5/6 CARS. ADDITIONAL OFF-STREET PARKING AVAILABLE. SOME UTILITIES ARE SEPERATED WITH CURRENT VACANT 2000 SQ FT UNIT READY TO BE RE-PURPOSED FOR YOUR NEEDS. MANY UPDATES THROUGHOUT WITH NEWER ROOF AND AC UNIT. THE PETER PASTORE YOUTH CENTER AND CITY PARK ACROSS THE STREET. RELATIVELY AN EASY SHOW!
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
5,265 SF
Building Class
C
Year Built
1958
Price
$600,000
Price Per SF
$114
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,265 SF
Building FAR
0.93
Lot Size
0.13 AC
Zoning
B1 - Commercial
Parking
8 Spaces (2.1 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
Parcel Number | CRAN-000007-000005-002036 | Improvements Assessment | $252,400 |
Land Assessment | $79,500 | Total Assessment | $331,900 |
PROPERTY TAXES
Parcel Number
CRAN-000007-000005-002036
Land Assessment
$79,500
Improvements Assessment
$252,400
Total Assessment
$331,900
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THE GANSETT BUILDING | 68-72 Gansett Ave
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