Cranston, Rhode Island, offers a diverse range of investment opportunities, including 11 warehouses for sale. Warehouses are a great investment option in Cranston due to the city's strategic location and growing economy. As a type of commercial property, warehouses can represent a variety of investments, from industrial and manufacturing facilities to storage and distribution centers. Cranston's warehouses offer a range of amenities, including proximity to major highways like I-95 and I-295, access to public transportation, and a skilled workforce. The city's strong educational institutions, such as Cranston High School East and West, and its growing healthcare sector, with organizations like CharterCARE Health Partners and HopeHealth, also make it an attractive location for businesses. Additionally, Cranston's geography, with its mix of urban and semirural areas, provides a unique blend of development opportunities and natural beauty.
Cranston's warehouses are situated in a city with a rich history and a strong sense of community. The city's Italian American community is particularly notable, with the annual St. Mary's Feast celebrating the city's cultural heritage. In addition to warehouses, Cranston also offers a range of other commercial properties, including industrial properties, such as those found in the city's industrial parks, which offer easy access to major highways and transportation infrastructure. Land is also available for development, with opportunities for commercial and residential projects. Residential income homes, such as apartments and condominiums, are also available in Cranston, offering investors a range of options for rental income. Commercial real estate, including office buildings and retail spaces, rounds out the city's offerings, providing a diverse range of investment opportunities. With its strong economy, rich history, and diverse range of properties, Cranston is an attractive location for investors looking to purchase a warehouse or other commercial property.
What are the key features investors look for in warehouses in Cranston?
When searching for warehouses in Cranston, investors typically look for key features that ensure a strong return on investment, including:
- Location: Proximity to major transportation infrastructure, such as I-95, I-295, and the Rhode Island Public Transit Authority buses, to facilitate easy access to markets and supply chains.
- Space and layout: Ample square footage, with an average size of 21,769 square feet, and a maximum size of 78,000 square feet, to accommodate various business needs, as well as a functional layout that supports efficient operations.
- Financial performance: A competitive average price per square foot of $130 USD and an average cap rate of 7.6%, which can help investors evaluate the potential for rental income and long-term appreciation in value.
What size warehouses are available to buy in Cranston?
Warehouses for sale in Cranston, Rhode Island, range in size from 1,200 square feet to 78,000 square feet, with an average size of 21,769 square feet.
How much does it cost to buy a warehouse in Cranston?
Currently, there are 11 warehouses for sale in Cranston, with an average price per square foot of $130 USD and an average size of 21,769 square feet, ranging from smaller facilities to larger ones with a maximum size of 78,000 square feet.
