Leased Medical Office
For Sale
$1,720,000
1407 South County Trail Units 421 & 423, East Greenwich, RI 02818
Two fully leased medical office condominium units anchored by Brown University Health services in a Class A medical office building.
Property Size7,666 SF
Price / SF$37.24
Days on Market88
Property Features for 1407 South County Trail Units 421 & 423
General Information
Standard status
Active
Size
7,666 SF
Class
A
Property subtype
Office
Net Operating Income
$162,309
Additional Details
Highway Access
Yes
Office Units
2
Building Details
Building Size
7,666 SF
Year Built
2001
Tenancy
Multi
Listing Agency:
MG Commercial
(401) 261-5804
Listed By:
Leeds Mitchell IV, SIOR · License #RI #REB.0019529
(401) 261-5804
Source:
Mgcommercial
Added: Jun 4
Changed: Aug 26
Last Checked: Aug 29 at 6:45AM
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 MG Commercial
Investment Insights
Based on property information with market context.
This offering consists of two fully leased medical office condominiums within Building 4, a Class A medical office building constructed in 2001. The property includes Unit 421 and Unit 423, which total 7,666 square feet. Unit 421 is leased to Brown University Health Outpatient Psychiatry, and Unit 423 is leased to Brown University Surgical Associates. Both tenants have renewal options, providing continuity for an owner seeking established medical occupancy.
Located at 1407 South County Trail (Route 2) in East Greenwich, the buildings sit on the area’s Medical Mile within the Greenwich Medical Center & Office Park. The location is described as offering strong visibility and accessibility along a well-established professional corridor, with convenient connections to Route 4 and I-95.
For medical providers, physician groups, and investors, these condominiums offer an opportunity to acquire two in-place, lease-supported units tied to specialty outpatient and surgical practices. The setup supports tenant continuity through renewal options, while the shared condominium context within a purpose-built medical office building can simplify ownership and operations for a new buyer.
Located at 1407 South County Trail (Route 2) in East Greenwich, the buildings sit on the area’s Medical Mile within the Greenwich Medical Center & Office Park. The location is described as offering strong visibility and accessibility along a well-established professional corridor, with convenient connections to Route 4 and I-95.
For medical providers, physician groups, and investors, these condominiums offer an opportunity to acquire two in-place, lease-supported units tied to specialty outpatient and surgical practices. The setup supports tenant continuity through renewal options, while the shared condominium context within a purpose-built medical office building can simplify ownership and operations for a new buyer.
Key Highlights
- Class A medical office condominium building (Building 4) built in 2001, totaling 46,183 SF
- Two fully leased medical office condo units: Unit 421 leased to Brown University Health Outpatient Psychiatry and Unit 423 leased to Brown University Surgical Associates
- Both tenants have options to renew
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02818, RI
19,907
Population
8,623
Households
2.3
Avg Household Size
45
Median Age
63%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
939
Density / Sq Mi
$120,952
Median Household Income
$72,985
Median Earnings
$1,384
Median Rent
$564,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two fully leased medical office condominium units anchored by Brown University Health services in a Class A medical office building.
Where is this medical office space located?
The property is located at 1407 South County Trail Units 421 & 423 East Greenwich, RI.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: Class A medical office condominium building (Building 4) built in 2001, totaling 46,183 SF; Two fully leased medical office condo units: Unit 421 leased to Brown University Health Outpatient Psychiatry and Unit 423 leased to Brown University Surgical Associates; Both tenants have options to renew
