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Two-Unit Office Building
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312-314 Waterman Ave, East Providence, RI 02914

Two separately metered office suites offer secured parking access from Williams Ave and flexible space configurations.

Property Size7,296 SF
Price / SF$108.96
Days on Market1096

Property Features for 312-314 Waterman Ave

General Information

Standard status Active
Size 7,296 SF
Property subtype OFFICE
Zoning C-1
Lease Type NNN

Additional Details

Office Units 2

Building Details

Tenancy Multi
Listing Agency: Rodman Real Estate, Inc.
Listed By: Sheldon E Rodman
Source: Moodyscre
Added: Jul 31, 2023 Changed: Jul 28 Last Checked: Jul 29 at 1:49PM

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.

Investment Insights

Based on property information with market context.

This office building is divided into two separate units with independent electric and gas metering for heat. Suite 312 Waterman Ave. offers an office configuration that includes a spacious reception/client waiting area, nine private offices (eight with sinks), breakroom, storage areas, an IT/telco room, and two restrooms. Suite 314 Waterman Ave. is currently an open area and the owner will build to suit.

Both suites are under C-1 Office Business zoning and have access to secured parking from Williams Ave. Suite 314 also has access to an approximately 1,800 square foot open area that could potentially be used by the tenant.

For tenants or buyers seeking adaptable office space, the combination of a finished, office-ready suite and a build-to-suit option supports a range of internal layouts while maintaining separate utility services for each unit.

Key Highlights

  • Two separately metered office suites for electricity and gas, both on 312/314 Waterman Ave.
  • 312 Waterman Ave. offers an approximate 3,150 SF office suite with a reception/client waiting area plus 9 private offices (8 with sinks).
  • 312 Waterman Ave. includes a breakroom, storage areas, IT/telco room, and two restrooms.

Property 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

2
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,309
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

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
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Frequently Asked Questions

What type of property is this?
Office units - Two separately metered office suites offer secured parking access from Williams Ave and flexible space configurations.
Where is this office units located?
The property is located at 312-314 Waterman Ave East Providence, RI.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two separately metered office suites for electricity and gas, both on 312/314 Waterman Ave.; 312 Waterman Ave. offers an approximate 3,150 SF office suite with a reception/client waiting area plus 9 private offices (8 with sinks).; 312 Waterman Ave. includes a breakroom, storage areas, IT/telco room, and two restrooms.
(401) 273-2270 Call to check price and availability
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