Two Vacant Lots with turnkey building plans. Exceptional Investment or Owner-Occupied Opportunity! Situated in a highly visible, high-traffic location, this turnkey development offers tremendous potential for residential or mixed-use applications. Comprised of two commercially zoned C-2 lots, the property presents a rare opportunity for investors, developers, or owner-occupants seeking flexibility and strong future value. Current approved plans feature three residential units, including a spacious first-floor apartment with two bedrooms and one full bath, complemented by two efficient one-bedroom units on the second floor. Having undergone a comprehensive redevelopment, the project offers the appeal and efficiency of effectively new construction, minimizing future maintenance concerns while maximizing rental income potential. With excellent exposure, versatile zoning, and a nearly completed redevelopment, this is a unique opportunity to capitalize on a property that is positioned for immediate occupancy or investment success. Don’t miss the chance to add this income-producing asset to your portfolio. Seller/developer also offering as a completed project on MLS #1414237
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Zillow last checked:
Listing updated:
Listed by:
Jimmy Ranieri401-413-5620,
ERA Empire Real Estate
Source: StateWide MLS RI,MLS#: 1415473
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 0
Property
Lot
Size: 6,398 Square Feet
Features: Suburban, Corner Lot, Paved
Topography: Level
Details
Parcel number: CRANM122L761U
Zoning: C2
Zoning description: Multi-Family,Residential
Wooded area: 0
Utilities & green energy
Utilities for property: Gas, Municipal Water, Sanitary Sewers, Storm Sewer, Phone Connected, Water Connected, Electricity Available, Natural Gas Available, Muncipal Water, Sewer Available
Community & HOA
Community
Features: Commuter Bus, Golf, Highway Access, Private School, Recreational Facilities, Restaurants, Near Shopping, Near Swimming, Street Lights
HOA
Has HOA: No
Location
Region: Cranston
Financial & listing details
Tax assessed value: $286,700
Annual tax amount: $5,580
Date on market: 6/15/2026
Inclusions: Lot 761 Assessment is $286, 700 with Taxes of $3, 979.00. Lot 762 Assessment is $115, 400 with Taxes of $1, 601.00.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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