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Wayland Square Office Building
For Lease
$5,000/Mo NNN

144 Medway Street, Providence, RI 02906

Triple-net leased first-floor office space with central HVAC and private parking for 10+ cars.

Space SizeContact for details
Days on Market78

Property Features for 144 Medway Street

General Information

Standard status Active
Total Parking Spaces 10
Lease Type NNN

Taxes and HOA fees

Annual Taxes $18,437

Amenities

central AC/heat

Building Details

Year Built 1950
Buildings 1
Stories 2
Units 1
Listing Agency: Domain Properties
Listed By: Pam Hanson Carbone
Source: Liongatere
Added: Jun 7 Changed: Aug 23 Last Checked: Aug 23 at 4:31AM

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 Domain Properties

Investment Insights

Based on property information with market context.

This triple-net lease opportunity includes approximately 2,800 square feet of first-floor space in a Wayland Square commercial building. Central A/C and heat are noted as in working order, and the property includes storage space on the second level. The listing also states that private parking is possible for 10+ cars, along with non-metered street parking.

The building is located on Medway Street in Providence and is described as part of the Wayland Square retail and dining area.

The space has been used recently as a school playground, and the property’s prior uses listed include a law office and, further back, a bank. Lease only; the building is not for sale.

Key Highlights

  • Triple‑net lease with base rent of $5,000 per month
  • 2,800 SF first‑floor commercial space
  • Central A/C and heat in working order

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Auto Parts Store Cosmetic Store Carpet & Flooring Store Food Market

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

Location Intelligence

Trade Area within ½ mile

1,671
Businesses Nearby

Demographics for 02906, RI

25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value

Market

Lease Benchmarks for Providence, RI

$41.31 /SF/Yr
Avg Asking Price
$13–$98.18 /SF/Yr
Price Range
8,030 SF
Avg Space Size

This space is priced 48% below the average of $41.31 /SF/Yr.

Vacancy Rate% for Office in Providence, RI

11.3% 2019
11.9% 2020
11.1% 2021
12.7% 2022
12.3% 2023
12.6% 2024
12.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Triple-net leased first-floor office space with central HVAC and private parking for 10+ cars.
Where is this office units located?
The property is located at 144 Medway Street Providence, RI.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: Triple‑net lease with base rent of $5,000 per month; 2,800 SF first‑floor commercial space; Central A/C and heat in working order
More about this property
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