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Leased Office Space with Class A Buildout
For Sale
$1,050,000

2-700 School St, Pawtucket, RI 02860

Office space with Class A buildout and new HVAC installed in 2024, currently leased with about four years remaining.

Property Size7,920 SF
Price / SF$132.58
Days on Market117

Property Features for 2-700 School St

General Information

Standard status Active
Size 7,920 SF
Class A
Occupancy 100%

Additional Details

Cap Rate 10%

Taxes and HOA fees

Annual Taxes $14,367

Building Details

Tenancy Single
Listing Agency: Spinnaker Group Inc.
Listed By: Andrew Kushner · License #137997
Source: Exprealty
Added: May 12 Changed: Sep 4 Last Checked: Sep 4 at 1:10PM

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 Spinnaker Group Inc.

Investment Insights

Based on property information with market context.

This leased office space features a Class A buildout and is described as very well maintained. A new HVAC system was installed in 2024, supporting the property’s condition and day-to-day functionality.

The suite is leased to JBD/JGA, an architectural firm specializing in design work for country clubs, restaurants, and luxury homes along the East Coast. The tenant has occupied the space for many years, with about four years remaining on the current term.

Offered for sale at 2-700 School St in Pawtucket, Rhode Island, the property presents an occupied office asset with an established tenant and recent HVAC improvements.

Key Highlights

  • Office space with Class A buildout, currently leased to JBD/JGA
  • Tenant has occupied the space for many years, with about 4 years remaining on the current term
  • New HVAC system installed in 2024

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Law Firm Skin Care Clinic Dental Office Garden Center

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

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,946
Businesses Nearby

Demographics for 02860, RI

47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
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
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Frequently Asked Questions

What type of property is this?
Office units - Office space with Class A buildout and new HVAC installed in 2024, currently leased with about four years remaining.
Where is this office units located?
The property is located at 2-700 School St Pawtucket, RI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Office space with Class A buildout, currently leased to JBD/JGA; Tenant has occupied the space for many years, with about 4 years remaining on the current term; New HVAC system installed in 2024
More about this property
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