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Shared-Suite Office Unit
For Lease
$600/Mo

989 Reservoir #205, Cranston, RI 02921

Office unit with an adjoining waiting area, parking, and utilities included.

Space SizeContact for details
Days on Market59

Property Features for 989 Reservoir #205

General Information

Standard status Active
Property subtype Commercial
Lease Type Gross

Space & Availability

Space Use Private Office
Private Offices 1

Lease Terms

Lease Rate $600 /USD/MO
Total Rate $600
Monthly Rent $600

Amenities

Central air
Central Air Cooling
Gas Heating

Building Details

Year Built 1990
Tenancy Multi
Listing Agency: FLAGSHIP REAL ESTATE ADVISORS
Listed By: THE MITA TEAM
Source: Corcoran
Added: Sep 2 Changed: Oct 26 Last Checked: Oct 28 at 8:54AM

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 FLAGSHIP REAL ESTATE ADVISORS

Rey
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Investment Insights

Based on property information with market context.

This 300-square-foot office unit is located within a shared suite and includes access to an adjoining waiting area and smaller office. The property offers a practical setup for a range of professional, trade-based, medical, and mental health businesses, subject to applicable requirements.

The building at 989 Reservoir #205 includes plenty of parking and houses a mix of professional and service-oriented businesses. Utilities are included, and the building was constructed in 1990.

Key Highlights

  • 300‑square‑foot office unit in a shared suite
  • Adjoining waiting area and smaller office
  • Utilities included

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Bennett Hirsch, Psychologist Physician Roseanne Dolan, Psychiatric ... Physician Gillian Cooperstein, Psychiatric ... Physician James Andriotis, Psychiatrist Physician David Lacey, Counselor Psychotherapist

Suggested Use

Top Pick Auto Parts Store Parking Lot & Garage HVAC Service Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,110
Businesses Nearby

Demographics for 02921, RI

12,406
Population
4,823
Households
2.6
Avg Household Size
45
Median Age
47%
College-Educated
95%
High-School Grad
13.0 sq mi
ZIP Area
954
Density / Sq Mi
$135,500
Median Household Income
$72,060
Median Earnings
$1,439
Median Rent
$523,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Cranston, RI

$20.62 /SF/Yr
Avg Asking Price
$7.12–$33 /SF/Yr
Price Range
1,498 SF
Avg Space Size

This space is priced 16% above the average of $20.62 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - Office unit with an adjoining waiting area, parking, and utilities included.
Where is this office unit located?
The property is located at 989 Reservoir #205 Cranston, RI.
What is the lease rate?
The lease rate is $600/Mo.
What are key features of this property?
This property features: 300‑square‑foot office unit in a shared suite; Adjoining waiting area and smaller office; Utilities included
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