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    555 S Water St, Unit 551 Providence, RI 02903

    For Sale
    $299,000

    COMMERCIAL - Providence, RI

    Type:Office
    Days on Market:
    50
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 555 S Water St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security
    Parking
    2
    Interior features
    Ceiling Height (9 to 12 Ft)

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Number of units
    1
    Building materials
    Brick

    BHHS Commonwealth RE (508) 810-0700 [email protected]

    Listing agent Barry Alofsin (401) 345-3100

    Listing date Oct 25, 2025

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Office Condo in Providence

    Located in the Corliss Landing area of Providence, this updated first-floor office condo offers 906 square feet of workspace. The unit features a refreshed kitchenette and a full bathroom. The layout includes three versatile office areas suitable for various business needs. The space is filled with natural light and has a bright, contemporary feel. This property is suited for established firms seeking to expand or entrepreneurs looking to own their first professional suite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fox Point Consulting ... Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.401398
    Latitude
    41.817736

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    FAQs

    What type of property is this?
    Office space - Move-in-ready office condo in a desirable Providence location.
    Where is this office space located?
    The property is located at 555 S Water St, Unit 551 Providence, RI.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Prime location in Providence's desirable Corliss Landing.; - Move-in-ready, updated 906 sq ft first-floor office condo.; - Three versatile office areas suitable for various business needs.
    (401) 345-3100
    Request Owner's contact information
    555 S Water St, Unit 551 Providence, RI 02903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    555 S Water St, Unit 551 Providence, RI 02903
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