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Retail Space with Brick Patio
New
For Sale
$295,000

521 S Water Street, Providence, RI 02903

Commercial/Business,Commercial Sale, Providence, RI

Property Size346 SF
Lot Size2.01 Acres
Price / SF$852.60
Days on Market3

Property Features for 521 S Water Street

General Information

Property type Commercial Sale
Property subtype Other
Interior features Ceiling Height (9 to 12 Ft)
Subdivision Corliss Landing/Fox Point/Wickenden
Lot features Downtown
Standard status Active
Size 346 SF
Lot size 2.01 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2622
HOA Fee $237 Monthly

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Amenities

brick patio
low stone wall
beautifully maintained grounds
abundant windows
high ceilings
commercial-grade sink
private bathroom
central air conditioning

Building Details

Year built 1985
Floors in Building 1
Number of units 1
Building materials Brick, Masonry
Listing Agency: Residential Properties Ltd.
Listed By: Gerri Schiffman · License #RES.0025339
Added: Aug 19 Changed: Aug 20 Last Checked: Aug 21 at 4:06AM
MLS# 1421126

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This freestanding commercial condominium offers 346 square feet of open interior space within the Corliss Landing complex. The unit includes abundant windows, 9- to 12-foot ceiling height, a commercial-grade sink, private bathroom, and central air conditioning. Brick and masonry construction, forced-air heating, and public sewer service are also present. Built in 1985, the property is arranged as a flexible blank canvas for retail, café, eatery, creative office, or similar commercial use, subject to applicable approvals.

A brick patio with a low stone wall wraps the space, while association-maintained grounds contribute to the setting. The property is adjacent to Bridge Street and carries an alternate address of 107 Wickenden Street. Its Providence location is near shops, cafés, restaurants, and the riverfront, with pedestrian activity associated with the surrounding area.

Key Highlights

  • 346 SF commercial condominium with an open interior layout
  • Brick patio and low stone wall wrap the space
  • 9- to 12‑foot ceiling height with abundant windows

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Butcher Locksmith Pet Store Catering Service

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

6,343
Businesses Nearby

Demographics for 02903, RI

13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value

Market

Vacancy Rate% for Office in Providence, RI

11.3% 2019
11.9% 2020
11.1% 2021
12.7% 2022
12.3% 2023
12.6% 2024
12.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Freestanding commercial condominium with open interiors, customer-facing windows, and flexible retail or food-service potential.
Where is this retail space located?
The property is located at 521 S Water Street Providence, RI.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 346 SF commercial condominium with an open interior layout; Brick patio and low stone wall wrap the space; 9- to 12‑foot ceiling height with abundant windows
More about this property
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