Industrial Properties in Cranston, Rhode Island, offer a unique investment opportunity for those looking to tap into the city's diverse economy. With a strong presence of government facilities, educational institutions, and transportation infrastructure, Cranston provides a solid foundation for industrial development. Industrial Properties in Cranston can represent a range of investments, from manufacturing facilities to warehouses and distribution centers. The city's amenities, such as the Cranston Medical Center and Garden City Park, and its infrastructure, including I-95 and I-295, make it an attractive location for businesses. Additionally, Cranston's proximity to Providence and Warwick provides access to a larger market and workforce. The city's Italian American community and annual St. Mary's Feast also contribute to its cultural and economic landscape.
Currently, there are 20 Industrial Properties for sale in Cranston, offering a range of options for investors. The average price per square foot is $106 USD, and the average size is 40,807 square feet. The largest property available is 348,634 square feet. In addition to Industrial Properties, Cranston also offers other property types, including Warehouses, which can be found near the city's transportation hubs, such as I-95 and I-295. Land is also available for development, particularly in the section west of Interstate 295, which has seen significant housing development in recent years. Apartment Buildings can be found in neighborhoods like Knightsville, which is known for its Italian American population. Commercial Real Estate, including office buildings and retail spaces, can be found in the city's central business district. With its diverse economy and range of property types, Cranston is an attractive location for businesses and investors.
What is the average price per square foot for industrial properties in Cranston?
The average price per square foot for industrial properties in Cranston is $106 USD per square foot, with an average size of 40,807 square feet and a largest size of 348,634 square feet among the 20 available listings.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Cranston, Rhode Island, with proximity to major highways, public transportation, and amenities contributing to increased property values.
- Industrial properties near major highways such as I-95, I-295, and RI 10 (the Huntington Expressway) tend to have higher values due to easy access to transportation routes, facilitating the movement of goods and services.
- Properties with proximity to public transportation, including Rhode Island Public Transit Authority buses, also tend to have higher values, as they offer employees and customers convenient access to the property.
- In addition, industrial properties located near amenities such as hospitals, parks, and sports facilities, like the Cranston Medical Center, Roger Williams Park, and the Cranston Stadium, may also command higher values due to the convenience and quality of life they offer to employees and customers.
