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High-Visibility Commercial Building on Oaklawn Avenue

892 Oaklawn, Cranston, RI 02920

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For Sale

$994,000

Well-maintained commercial building with parking, near Garden City Center.

Property size:

4,200 SF

Lot size:

0.22 Acres

Price / SF:

$236/SF

HighLights

High‑visibility location on highly trafficked Oaklawn Avenue.
Boasts 4,200 sq ft of versatile commercial space.
13 dedicated parking spaces.
Potential to be converted into two or three separate commercial/office suites.
Updated bathrooms and central air.
Proximity to Garden City Center Shopping Center and easy access to major highways and Providence.

We can help!

Contact an agent

ARI TANASIO

For Sale

$994,000

Well-maintained commercial building with parking, near Garden City Center.

Property size:

4,200 SF

Lot size:

0.22 Acres

Price / SF:

$236/SF

Added:: Mar 6, 2026
Days on Market:: 113
Last Refresh:: Mar 16 at 11:01 am

Property Features for 892 Oaklawn

General Information

Standard status: Active
Size: 4,200 SF
Lot size: 0.22 Acres

Building Details

Year Built: 1969

We can help!

Contact an agent

ARI TANASIO

Listing office TANASIO REALTY ADVISORS

Listing date Mar 6, 2026

Source Corcoran

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 TANASIO REALTY ADVISORS

HighLights

High‑visibility location on highly trafficked Oaklawn Avenue.
Boasts 4,200 sq ft of versatile commercial space.
13 dedicated parking spaces.
Potential to be converted into two or three separate commercial/office suites.
Updated bathrooms and central air.
Proximity to Garden City Center Shopping Center and easy access to major highways and Providence.

Overview

This well-maintained commercial building offers high visibility on Oaklawn Avenue, near Brayton Street. The property features 4,200 square feet of versatile space on a 9,547 square foot lot. There are 13 dedicated parking spaces available. The interior includes laminate flooring, updated bathrooms, and central air. The layout has the potential to be converted back into two or three separate commercial or office suites, making it suitable for owner-occupants or multi-tenant configurations. The property is located near the Garden City Center Shopping Center, with easy access to major highways and Providence. This location is suitable for businesses seeking visibility and growth potential.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$84.2k	$20.04
− Vacancy	−$11.8k	−$2.81
EGI	$72.4k	$17.23
− OpEx	−$18.1k	−$4.31
NOI	$54.3k	$12.93

4,200 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$775.5K

$678.6K – $904.8K (±1% cap)

NOI $54,288 @ 7.0% cap · market cap 5.46%

Second Best

Retail

$677.4K

$592.7K – $790.3K (±1% cap)

NOI $47,416 @ 7.0% cap · market cap 4.77%

Theoretical Best

Multifamily LT 5

$999.0K

$874.2K – $1.17M (±1% cap)

NOI $69,932 @ 7.0% cap · market cap 7.04%

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

Property Profile Location Intelligence

Current Use by Public Records

Dr. Rafael A. Torres, ... Physician Wajahat Faheem Physician

Suggested Use

Similar Places Nearby

A Bushel and A Peck Floral Shop — 840 Oaklawn Ave, Cranston, RI 02920
Garden Hills Florist — 751 Oaklawn Ave, Cranston, RI 02920

Location Insight

Map
Local Demand

City: Cranston
County: Providence
State: Rhode Island
Longitude: -71.4785451
Latitude: 41.7475516

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For sale
Storefront properties
RI
Cranston
02920
892 Oaklawn

What type of property is this?

Storefront property - Well-maintained commercial building with parking, near Garden City Center.

Where is this storefront property located?

The property is located at 892 Oaklawn Cranston, RI.

What is the asking price?

The asking price for this property is $994,000.

What are key features of this property?

This property features: High‑visibility location on highly trafficked Oaklawn Avenue.; Boasts 4,200 sq ft of versatile commercial space.; 13 dedicated parking spaces.