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55 Douglas Pike 18,000 SF 100% Leased Retail Building Smithfield, RI 02917 $5,900,000 ($327.78/SF) 3.52% Cap Rate
Executive Summary
Key Features:
Fully leased, stabilized investment property
Mixed-use building with retail and office tenants
Drive-thru unit in place
Elevator-served building for accessibility
Ample on-site parking for tenants and visitors
Excellent visibility on Douglas Pike, a high-traffic corridor
Property Facts
Amenities
- 24 Hour Access
- Tenant Controlled HVAC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
±3,500 SF Commercial Space for Lease | 55 Douglas Pike, Smithfield, RI Recently renovated commercial space available for lease at 55 Douglas Pike in Smithfield, Rhode Island. This highly visible property offers flexible layout options and is well-suited for restaurant, retail, or medical use. The space features new HVAC systems, two ADA-compliant restrooms, and one additional employee restroom. The property includes three separate entrances, allowing for efficient customer flow and potential multi-use configurations. A large outdoor patio is available with seating capacity for up to 25 patrons, providing added value for food and beverage operators. Great for Medical, Retail and restaurant use. Ownership is open to build-to-suit improvements, allowing tenants to customize the space to meet their operational needs. The property is located along a well-traveled commercial corridor and is minutes from Mineral Spring Avenue, Route 295, and Route 146, offering excellent regional accessibility.
Commercial Space for Lease – 55 Douglas Pike, Smithfield, RI Available for lease is a 1,300 SF second-floor commercial unit at 55 Douglas Pike in Smithfield, RI. The space offers elevator access, providing convenient entry for clients, staff, and equipment, and is well-suited for a small gym, fitness or yoga studio, wellness use, or professional office. The unit features a flexible layout that can support an open studio concept or private offices. Located in a well-maintained commercial building with ample on-site parking, the property benefits from excellent accessibility and strong local visibility. The site is minutes from Mineral Spring Avenue and provides quick access to I-295 and Route 146, making it easy to reach from surrounding communities. This is a great opportunity for businesses seeking an accessible, functional space in a desirable Smithfield location.
| Space | Size | Space Use | Position | Available |
| 104 | 3,500 SF | Flex | - | Apr 2026 |
| 2nd Floor | 1,300 SF | Office/Retail | - | Mar 2026 |
104
| Size |
| 3,500 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| Apr 2026 |
2nd Floor
| Size |
| 1,300 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Mar 2026 |
104
| Size | 3,500 SF |
| Space Use | Flex |
| Position | - |
| Available | Apr 2026 |
±3,500 SF Commercial Space for Lease | 55 Douglas Pike, Smithfield, RI Recently renovated commercial space available for lease at 55 Douglas Pike in Smithfield, Rhode Island. This highly visible property offers flexible layout options and is well-suited for restaurant, retail, or medical use. The space features new HVAC systems, two ADA-compliant restrooms, and one additional employee restroom. The property includes three separate entrances, allowing for efficient customer flow and potential multi-use configurations. A large outdoor patio is available with seating capacity for up to 25 patrons, providing added value for food and beverage operators. Great for Medical, Retail and restaurant use. Ownership is open to build-to-suit improvements, allowing tenants to customize the space to meet their operational needs. The property is located along a well-traveled commercial corridor and is minutes from Mineral Spring Avenue, Route 295, and Route 146, offering excellent regional accessibility.
2nd Floor
| Size | 1,300 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Mar 2026 |
Commercial Space for Lease – 55 Douglas Pike, Smithfield, RI Available for lease is a 1,300 SF second-floor commercial unit at 55 Douglas Pike in Smithfield, RI. The space offers elevator access, providing convenient entry for clients, staff, and equipment, and is well-suited for a small gym, fitness or yoga studio, wellness use, or professional office. The unit features a flexible layout that can support an open studio concept or private offices. Located in a well-maintained commercial building with ample on-site parking, the property benefits from excellent accessibility and strong local visibility. The site is minutes from Mineral Spring Avenue and provides quick access to I-295 and Route 146, making it easy to reach from surrounding communities. This is a great opportunity for businesses seeking an accessible, functional space in a desirable Smithfield location.
Property Taxes
| Parcel Number | SMIT-000040-000000-000446 | Improvements Assessment | $2,088,500 |
| Land Assessment | $304,000 | Total Assessment | $2,392,500 |
Property Taxes
Presented by
Garwaine Realty, Inc.
55 Douglas Pike
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