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For sale
Office Units
RI
East Greenwich
02818
61 Cedar Avenue #6

East Greenwich Office Condo

61 Cedar Avenue #6, East Greenwich, RI 02818

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For Sale

$675,000

Spacious office condo in a convenient East Greenwich location.

Type:Commercial

Property size:

3,500 SF

Price / SF:

$192/SF

Listing Contact

The Phipps Team

HighLights

Over 3500 sq. ft. of versatile, one‑level workspace suitable for various professional uses.
Prime location: one block from Post Road Route 1, public transportation, and Cole Junior High.
Abundant natural light fills the space thanks to walls of glass on both sides.
Functional layout featuring private offices, large reception area, huge general activities space, kitchen, bath, and conference room.
Ample parking directly in front of the unit and additional spaces in the common parking lot.
Impressive architectural details, including exposed brick walls.

Learn more

For Sale

$675,000

Spacious office condo in a convenient East Greenwich location.

Type:Commercial

Property size:

3,500 SF

Price / SF:

$192/SF

Added:: Feb 8, 2026
Days on Market:: 123
Last Refresh:: Apr 25 at 6:22 am

Property Features for 61 Cedar Avenue #6

General Information

Standard status: Active
Size: 3,500 SF
Property subtype: Commercial

Building Details

Year Built: 1925

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Listing Contact

The Phipps Team

Listing agent The Phipps Team

Listing office Compass

Listing date Feb 8, 2026

Source Liongatere

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 Compass

HighLights

Over 3500 sq. ft. of versatile, one‑level workspace suitable for various professional uses.
Prime location: one block from Post Road Route 1, public transportation, and Cole Junior High.
Abundant natural light fills the space thanks to walls of glass on both sides.
Functional layout featuring private offices, large reception area, huge general activities space, kitchen, bath, and conference room.
Ample parking directly in front of the unit and additional spaces in the common parking lot.
Impressive architectural details, including exposed brick walls.

Overview

Located at 61 Cedar Avenue #6, this East Greenwich office condominium offers over 3500 square feet of single-level workspace. Situated one block from Post Road Route 1 and public transportation, and one block from Cole Junior High, the property benefits from a convenient location. Originally constructed in 1925 and converted into office condominiums in 2000, the unit features a large, open floor plan. Currently used as administrative offices, the space is surprisingly bright, with walls of glass on both sides and exposed brick walls. The versatile design includes private offices, a large reception area, a huge general activities space, a kitchen, a bathroom, and a conference room. The architectural details of the interior add aesthetic intrigue to the functional space. Parking is available directly in front of the unit, with additional spaces in the common parking lot. The space is suitable for various uses, including medical offices or sales force space.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$94.5k	$27.00
− Vacancy	−$7.1k	−$2.03
EGI	$87.4k	$24.98
− OpEx	−$35.0k	−$9.99
NOI	$52.4k	$14.99

3,500 SF · lease $27.00/SF/yr · vacancy 7.50% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$749.3K

$655.6K – $874.1K (±1% cap)

NOI $52,448 @ 7.0% cap · market cap 7.77%

Second Best

Office B

$614.0K

$537.3K – $716.4K (±1% cap)

NOI $42,981 @ 7.0% cap · market cap 6.37%

Theoretical Best

Specialty Retail

$876.6K

$767.0K – $1.02M (±1% cap)

NOI $61,362 @ 7.0% cap · market cap 9.09%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: East Greenwich
County: Kent
State: Rhode Island
Longitude: -71.4601539
Latitude: 41.6507952

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For sale
Office Units
RI
East Greenwich
02818
61 Cedar Avenue #6

What type of property is this?

Office units - Spacious office condo in a convenient East Greenwich location.

Where is this office units located?

The property is located at 61 Cedar Avenue #6 East Greenwich, RI.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: Over 3500 sq. ft. of versatile, one‑level workspace suitable for various professional uses.; Prime location: one block from Post Road Route 1, public transportation, and Cole Junior High.; Abundant natural light fills the space thanks to walls of glass on both sides.