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Waterfront Restaurant and Marina Complex
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45 Water Street, East Providence, RI 02914

Restaurant with extensive deck and patio space plus a 72-slip marina, supported by an additional block building and ample parking.

Days on Market18

Property Features for 45 Water Street

General Information

Standard status Active
Property subtype Retail, Hospitality
Listing Agency: Cushman & Wakefield Hayes & Sherry Real Estate Service
Listed By: Derek Brazeau · License #RI RES0041511
Source: Crexi
Added: Jul 16 Changed: Jul 20 Last Checked: Aug 1 at 12:45PM

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 Cushman & Wakefield Hayes & Sherry Real Estate Service

Investment Insights

Based on property information with market context.

Hayes & Sherry presents a unique waterfront restaurant complex totaling approximately 14,000 SF, with an additional 7,300 SF of decks and patio space, along with a 72-slip marina. The offering also includes a separate 7,600 SF block building suited for additional event space for smaller parties, as well as commissary or storage, and expanded parking.

Set on just over 2 acres, the properties at 28–34 Water Street and 45 Water Street provide abundant parking for each building. The site falls under Bold Point Harbor (BPH) zoning, which allows for mixed-use, including commercial, office, retail, and multifamily uses, and also permits marinas with water transit-related services and limited support services. The restaurant location is described as offering views of the well-known Washington Street Bridge, in addition to India Point Park, Bold Point Park, and Fox Point.

Together, the restaurant, outdoor deck and patio areas, marina operations, and the additional block building create a combined waterfront entertainment and services footprint on a parking-forward site.

Key Highlights

  • Approximately 14,000 SF restaurant with an additional 7,300 SF of decks and patio space
  • Includes a 72‑slip marina for on‑site water access
  • Also includes a 7,600 SF block building for event space, commissary/storage, and/or additional parking

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

770
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 73% Hotels & Casinos 27%
Exxon Shops & Services
6,441 visits/mo 0.2 miles
Hilton Garden Inn Providence Hotels & Casinos
2,367 visits/mo 0.4 miles

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

  • Ponto um brazilian take out — 233 Warren Ave, East Providence, RI 02914

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant with extensive deck and patio space plus a 72-slip marina, supported by an additional block building and ample parking.
Where is this conventional restaurant located?
The property is located at 45 Water Street East Providence, RI.
What are key features of this property?
This property features: Approximately 14,000 SF restaurant with an additional 7,300 SF of decks and patio space; Includes a 72‑slip marina for on‑site water access; Also includes a 7,600 SF block building for event space, commissary/storage, and/or additional parking
(401) 273-2052 Call to check price and availability
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