9 Drowne Street

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9 Drowne Street

Cranston, RI 02905
Asking Price
$625K
Asset Type
Warehouse Industrial
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Industrial warehouse property located at 9 Drowne Street in Cranston.
  • The facility is currently listed for sale at 625,000 dollars.
  • The warehouse suits local distribution and light manufacturing business uses.
  • Property is situated within the active Providence metropolitan industrial corridor.
  • Strategic location offers efficient access to regional transportation infrastructure.

What's Special

This industrial warehouse located at 9 Drowne Street in Cranston, Rhode Island, is currently available for purchase. The property serves as a functional asset for investors or owner-occupants seeking versatile space within the Providence metropolitan area. Cranston maintains a robust regional economy with strong access to major transportation corridors, providing a strategic base for logistics, manufacturing, or distribution operations. The facility offers practical dimensions suitable for small-to-medium businesses requiring efficient storage or production capacity. Proximity to key regional highways facilitates regional commerce and supply chain connectivity. Local infrastructure supports a variety of industrial applications, making this a reliable acquisition for those looking to expand their operational footprint in the New England market. Prospective buyers will find this warehouse positioned to accommodate evolving business needs within an established commercial submarket.

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NOI
$80,000
Cap Rate
12.80%
DSCR
2.16
Strong
Cash-on-Cash
22.88%
Monthly Payment
$3,092.159
Annual Cash Flow
$42,894.092

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