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Commercial at 1040 Cranston Street, Cranston
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$1,295,000

1040 Cranston Street
Cranston, RI 02910
Listed by Terry Cipolla
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Originally two single-family homes, this distinctive property has been thoughtfully combined to create a versatile 6200 sq ft mixed use offering with an extra LOT!!!!. Also listed as a Multi Family #1409521 Featuring an oversized two-car garage with a spacious studio above, this area is ideal for a dance studio, large office or creative workspace. One side showcases a beautifully maintained residential home with three bedrooms, a granite kitchen, a comfortable family room, and additional office space-perfect for today's flexible needs. Zoned C5, the property allows for a wide range of business opportunities. Additional spaces are currently configured for office use, including medical/dental, with flexibility to accommodate various professional, commercial, or residential applications. The lower level includes a full apartment. The added bonus is the inclusion of an extra lot, offering even more potential for expansion, additional parking, outdoor use, or future development (subject to approvals).

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1409206
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
197
On market date
April 8, 2026
Stories
2
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
12
Lot size
14,254 sqft

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Gladstone Street School
0.13 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
493
Student:teacher ratio
13.7:1
District
Cranston
MiddleCharter
AF Iluminar Mayoral Middle Sch
0.26 mi away · Grades 5-7
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
307
Student:teacher ratio
16.2:1
District
Achievement First Rhode Island
High
Dr. Jorge Alvarez HS
0.93 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
681
Student:teacher ratio
13.1:1
District
Providence

Walkability

Blended score for Cranston's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

89
Highly walkable
out of 100
EPA National Walkability Index
16.3 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks15
Schools20
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Cranston, from live MLS data.

On the market 197 days -- 163 more days than Cranston's current average of 34 days.
For reference, the median list price across 521 active listings in Cranston right now is $479,000.

Mortgage calculator

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Est. monthly payment
$7,949/mo
$259,000 down
$1,036,000 loan
Principal & interest$6,719
Property tax (est.)$1,079
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.