Retail/Office Space on Douglas
For Lease
$22.56 SF/Yr Modified Gross
151 Douglas Pike Unit 8, Smithfield, RI 02917
800 SQ. FT. RETAIL/OFFICE
Space Size800 SF
Days on Market130
Property Features for 151 Douglas Pike Unit 8
General Information
Standard status
Active
Property type
Retail properties & Spaces, Office Spaces, Coworking space
Size
800 SF
Total Parking Spaces
58
Lease Type
Modified Gross
Lease Term
1-2 Years
Rate Type
Yearly
Building Details
Year Built
1983
Year Renovated
2021
Buildings
2
Stories
1
Listing Agency:
(401) 440-6850
Listed By:
John
(401) 440-6850
Added: Apr 22
Investment Insights
Based on property information with market context.
This 800 square foot unit, situated in a high-traffic, well-maintained retail shopping plaza, is suitable for retail or professional office use, excluding food, drink, and personal service businesses. The property benefits from high daily exposure on Douglas Pike (Rt. 7) at the signalized corner of Twin River Road. It is approximately 1.5 miles from Mineral Spring Avenue and Bally’s Casino, and 2.5 miles from Rt. 295. The location offers excellent on-site parking, high visibility signage, and easy accessibility for customers. The lease features simplified terms with no real estate taxes, insurance fees, or common area maintenance charges. The tenant is responsible for their own utilities (electricity/heat) and a proportionate share of snow removal/disposal. The property provides street-level space, easy ingress and egress, and proximity to a signalized intersection.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.38 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Smithfield, RI
$19.34 /SF/Yr
Avg Asking Price
$16–$22.56 /SF/Yr
Price Range
3,127 SF
Avg Space Size
This space is priced 17% above the average of $19.34 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - 800 SQ. FT. RETAIL/OFFICE
Where is this retail property located?
The property is located at 151 Douglas Pike Unit 8 Smithfield, RI.
What is the lease rate?
The lease rate is $22.56 SF/Yr.
