Cranston, Rhode Island, offers a unique opportunity for investors to capitalize on the city's growing economy and diverse industry sectors. With a population of approximately 80,000 residents, Cranston has established itself as a hub for healthcare, education, retail, manufacturing, and government services. Shopping centers in Cranston provide a prime investment opportunity, offering a range of amenities and services to the local community. These properties can represent a variety of investments, from retail and commercial spaces to mixed-use developments. Cranston's infrastructure, including its transportation facilities and state-numbered roads, makes it an attractive location for businesses and residents alike. The city's proximity to Providence and Warwick also provides easy access to major cities and attractions. Additionally, Cranston is home to several notable institutions, including Citizens Bank and CharterCARE Health Partners, which contribute to the city's economic growth.
Currently, there are 2 shopping centers available for sale in Cranston, offering a range of investment opportunities. The average price per square foot for these properties is $232 USD, with an average size of 42,000 square feet. The largest property available is 77,000 square feet. In addition to shopping centers, Cranston also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in Cranston can be found in various neighborhoods, including Knightsville, which is known for its Italian American cuisine. Specialty properties, such as the Cranston Medical Center, provide essential services to the community. Land is also available for development, with opportunities for mixed-use projects and commercial spaces. Office properties, like those found in the city's downtown area, offer a range of amenities and services to businesses. Overall, Cranston's diverse economy and range of property types make it an attractive location for investors and businesses alike.
What is the average cap rate for shopping centers in Cranston?
The average cap rate for shopping centers in Cranston is 5.24%, with 2 available listings, offering investors a range of opportunities to capitalize on the city's growing economy and diverse retail landscape.
