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312-314 Waterman Ave, East Providence, RI 02914

Two separately metered office suites include secured parking off Williams Ave and an option for tenant-accessible build-to-suit space.

Space Size3,150 SF
Days on Market1187

Property Features for 312-314 Waterman Ave

General Information

Standard status Active
Size 3,150 SF
Property subtype OFFICE
Zoning C-1
Lease Type NNN

Building Details

Tenancy Multi

Spaces For Lease

at 312-314 Waterman Ave
312 Waterman Ave $14/SF/Yr
Floor 1
Size 3,150 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
• It is divided into two units that are separately metered for electricity and gas (heat). Secured parking is accessed from Williams Ave. Zoning is C-1 Office Business. 312 Waterman Ave. is an approximate 3,150 Sq. Ft. office suite containing a spacious reception/client waiting area, 9 private offices (8 with sinks), breakroom, storage areas, IT/Telco room and two restrooms. Asking rate is $14.00 per rentable square foot per annum; triple net. 314 Waterman Ave. is an approximate 4,050 Sq. Ft. suite that is currently an open area that the Owner will Build To Suit. • This space has access to an approximate 1,800 Sq. Ft. open area that could potentially be used by tenant.
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Listing Agency: Rodman Real Estate, Inc.
Listed By: Sheldon E Rodman
Source: Moodyscre
Added: Jul 31, 2023 Changed: Oct 25 Last Checked: Oct 28 at 12:31PM

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 Rodman Real Estate, Inc.

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Investment Insights

Based on property information with market context.

This property is divided into two office suites that are separately metered for electricity and gas (heat). Suite 312 Waterman Ave. offers approximately 3,150 square feet and includes a spacious reception/client waiting area, nine private offices (eight with sinks), a breakroom, storage areas, an IT/telco room, and two restrooms. Suite 314 Waterman Ave. is approximately 4,050 square feet and is currently an open area; the owner will build to suit. The space also includes access to an approximately 1,800 square foot open area that could potentially be used by the tenant.

Secured parking is accessed from Williams Ave. The property is zoned C-1 Office Business.

Overall, the configuration supports both fully improved office use and a build-to-suit option depending on tenant requirements.

Key Highlights

  • Two office suites: 312 Waterman Ave. (approx. 3,150 SF) and 314 Waterman Ave. (approx. 4,050 SF)
  • Both suites are separately metered for electricity and gas heat
  • Secured parking with access from Williams Ave.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Locksmith Home Appliance Store Daycare Center Garden Center

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,075
Businesses Nearby

Demographics for 02914, RI

22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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 - Two separately metered office suites include secured parking off Williams Ave and an option for tenant-accessible build-to-suit space.
Where is this office unit located?
The property is located at 312-314 Waterman Ave East Providence, RI.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Two office suites: 312 Waterman Ave. (approx. 3,150 SF) and 314 Waterman Ave. (approx. 4,050 SF); Both suites are separately metered for electricity and gas heat; Secured parking with access from Williams Ave.
(401) 273-2270 Call to check price and availability
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