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Mixed-Use Office and Residential Duplex
For Lease
$23 SF/Yr

872 Park Ave, Cranston, RI 02910

Two 2-bedroom apartments plus three private offices with central air and ample parking support owner-occupancy or investment use.

Space SizeContact for details
Days on Market91

Property Features for 872 Park Ave

General Information

Standard status Active
Total Parking Spaces 10

Units

Multifamily Units 2
Office Units 3

Taxes and HOA fees

Annual Taxes $11,819
Listing Agency: REMAX Revolution
Listed By: Ralph Gianfrancesco
Source: Exprealty
Added: Jun 6 Changed: Aug 24 Last Checked: Sep 2 at 12:37AM

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 REMAX Revolution

Investment Insights

Based on property information with market context.

This mixed-use property combines office and residential space in a single structure. The offering includes three private offices and additional room on the first level that could support coworking use. Central air is noted for the first level, and there is a finished lower level that may allow for future expansion. The residential component features two spacious apartments, each with two bedrooms.

The property is located on a major, high-traffic street in Cranston. Off-street parking is a key attribute, with 10 parking spaces available for tenants, employees, visitors, or residents.

For tenants and owner-occupants, the layout supports a flexible live-work or work-with-residential model, with dedicated office space and separate apartment units. For investors, the presence of both income-producing residential units and an office component may appeal to buyers seeking a diversified use profile within one building. The ample parking and central air on the first level also help the property function smoothly for day-to-day operations.

Key Highlights

  • Two residential units, each with 2 bedrooms
  • Three private offices on‑site
  • Central air on the first level

Property Analytics

Current Use

Simone Fargiorgio: Allstate ... Insurance Agency S. Fargiorgio Agency Insurance Agency Allstate Espejo Agency Insurance Agency Jose Espejo: Allstate ... Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Carpet & Flooring Store Veterinary Clinic Bakery Pet Grooming Service

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

3
Office units
2
Residential units
NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,385
Businesses Nearby

Demographics for 02910, RI

21,907
Population
9,319
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
3.4 sq mi
ZIP Area
6,443
Density / Sq Mi
$85,909
Median Household Income
$47,538
Median Earnings
$1,385
Median Rent
$302,400
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
Rey
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Frequently Asked Questions

What type of property is this?
Live-work space - Two 2-bedroom apartments plus three private offices with central air and ample parking support owner-occupancy or investment use.
Where is this live-work space located?
The property is located at 872 Park Ave Cranston, RI.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms; Three private offices on‑site; Central air on the first level
More about this property
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