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High-Visibility Commercial Building on Oaklawn Avenue

892 Oaklawn Avenue, Cranston, RI 02920

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For Sale

$994,000

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

Type:Commercial

Property size:

4,200 SF

Lot size:

0.22 Acres

Price / SF:

$236/SF

HighLights

High‑visibility location on highly trafficked Oaklawn Avenue
4,200 sq ft of versatile space on a 9,547 sq ft lot
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

Learn more

For Sale

$994,000

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

Type:Commercial

Property size:

4,200 SF

Lot size:

0.22 Acres

Price / SF:

$236/SF

Added:: Mar 6, 2026
Days on Market:: 113
Last Refresh:: Apr 25 at 6:19 am

Property Features for 892 Oaklawn Avenue

General Information

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

Building Details

Year Built: 1969

We can help!

Contact an agent

Ari Tanasio

Listing office Tanasio Realty Advisors

Listing date Mar 6, 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 Tanasio Realty Advisors

HighLights

High‑visibility location on highly trafficked Oaklawn Avenue
4,200 sq ft of versatile space on a 9,547 sq ft lot
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 is located on Oaklawn Avenue, near Brayton Street. The property offers 4,200 square feet of space on a 9,547 square foot lot. There are 13 dedicated parking spaces. Interior features include 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. The property is located near the Garden City Center Shopping Center, with 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.

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

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 Avenue

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 Avenue 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; 4,200 sq ft of versatile space on a 9,547 sq ft lot; 13 dedicated parking spaces