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Smithfield Retail/Office Leasing Opportunity
For Lease
$16 SF/Yr
Pending

1114 Douglas, Smithfield, RI 02917

Versatile space near Bryant University and Fidelity Investments.

Space SizeContact for details
Days on Market320

Property Features for 1114 Douglas

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1965
Listing Agency: RE/MAX REVOLUTION
Listed By: MICHAEL ALVES · License #REC.0016995
Source: Corcoran
Added: Oct 14, 2025 Changed: Aug 8 Last Checked: Jul 23 at 7:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX REVOLUTION

Investment Insights

Based on property information with market context.

This property, formerly Parente's Restaurant since 1983, presents an exceptional leasing opportunity in a highly visible and established Smithfield location. The 3,309 square foot rentable space features a flexible layout suitable for restaurant, retail, or professional use. An additional 1900 square foot storage space is available. The site benefits from strong local traffic and excellent visibility along Douglas Pike, with convenient access to major routes and nearby amenities. Ample on-site parking is provided. The property is ideally situated near the entrances to both Bryant University and Fidelity Investments, and offers prominent signage opportunities along a busy corridor. It is well-suited for a restaurant, café, retail, or service-oriented business and is located close to Smithfield's commercial centers.

Key Highlights

  • High‑visibility location on Douglas Pike with strong local traffic
  • 3,309 SF of adaptable space** suitable for restaurant, retail, or professional use
  • Ample on‑site parking

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Law Firm Storage Facility Daycare Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby

Demographics for 02917, RI

14,738
Population
5,119
Households
2.9
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
689
Density / Sq Mi
$106,772
Median Household Income
$44,229
Median Earnings
$988
Median Rent
$416,100
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Versatile space near Bryant University and Fidelity Investments.
Where is this retail space located?
The property is located at 1114 Douglas Smithfield, RI.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: High‑visibility location on Douglas Pike with strong local traffic; 3,309 SF of adaptable space** suitable for restaurant, retail, or professional use; Ample on‑site parking
More about this property
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