• Mon. Nov 28th, 2022

Greater Providence Board of Realtors buys Cranston office for $430,000

ByWillie M. Evans

Oct 27, 2022
THE GREATER PROVIDENCE Board of Realtors recently purchased a new office building at 1169 Park Ave. in Cranston for $430,000. / COURTESY OF SWEENEY REAL ESTATE & APPRAISAL

CRANSTON — The Greater Providence Board of Realtors recently purchased a new office in Cranston, where the organization plans to host educational events for area real estate professionals.

The one-story brick-veneer building at 1169 Park Ave. was sold to the organization for $430,000 by Surfside Properties LLC, according to a copy of the warranty deed, a public document documenting the transaction.

Sweeney Real Estate & Appraisal, which represented the buyer and announced the deal, said the Greater Providence Board of Realtors “plans to upgrade ‘the building’ with multiple offices and a state-of-the-art classroom for continuing education for employees. real estate agents“.

Surfside Properties is affiliated with the former owner of the building, an insurance company called DeBlasio Insurance Inc., established in 1957, specializing in home insurance, auto insurance and various types of commercial insurance.

The Greater Providence Board of Realtors office was previously located at 365 Eddy St. in Providence from 1988 to 2019, the organization said. Since then the group has maintained an office at 12 Breakneck Hill Road in Lincoln.

The Park Avenue building in Cranston is 2,052 square feet and was built in 1962, according to records from Cranston’s assessor’s office. With a parking area of ​​3,200 square feet, the land the office is built on is just 0.15 acres, records show.

The commercial building was recently appraised by Cranston appraisers at $366,500 in 2022, according to records from the city’s online property appraisal database.

The Greater Providence Board of Realtors was established in 1907, and it is one of 1,300 realtor associations across the country that are affiliated with the National Association of Realtors. Rhode Island’s business organization serves more than 2,500 members, provides ongoing education and promotes home ownership throughout the state.

Marc Larocque is a contributing writer for PBN.

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