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Free-Standing Storefront Condo
For Sale
$295,000

521 South Water Street, Providence, RI 02903

Open commercial space with high ceilings, abundant windows, central air, a private bathroom, and a commercial-grade sink.

Property Size346 SF
Price / SF$852.60
Days on Market12

Property Features for 521 South Water Street

General Information

Standard status Active
Size 346 SF
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $2,622

Building Details

Year Built 1985
Listing Agency: Residential Properties Ltd.
Listed By: Geraldine Schiffman
Source: Xome
Added: Aug 15 Changed: Aug 24 Last Checked: Aug 26 at 5:36AM

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 Residential Properties Ltd.

Investment Insights

Based on property information with market context.

This vacant, free-standing commercial condominium offers a fully open interior with abundant windows, high ceilings, central air conditioning, a commercial-grade sink, and a private bathroom. The space is framed by a brick patio and low stone wall at the end of the Corliss Landing complex, with association-maintained grounds alongside it.

The property is located at 521 South Water Street and also carries the alternate address 107 Wickenden Street. Its setting near Bridge Street places it close to shops, cafés, restaurants, and the riverfront in a walkable Providence neighborhood. The existing configuration provides a foundation for a café, eatery, creative office, or boutique retail use, subject to applicable approvals.

Key Highlights

  • Vacant free‑standing commercial condominium at the end of the Corliss Landing complex
  • Fully open interior with abundant windows and high ceilings
  • Commercial‑grade sink, private bathroom, and central air conditioning

Property Analytics

Current Use

Storefront properties

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
72k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Groceries 49% Shops & Services 47% Home Improvements & Furnishings 4%
Trader Joe's Groceries
35,185 visits/mo 0.1 miles
Shell Shops & Services
20,299 visits/mo 0.1 miles
Marathon Shops & Services
8,137 visits/mo 0.2 miles
Blick Art Materials Shops & Services
3,052 visits/mo 0.2 miles
Adler's Design Center & Hardware Home Improvements & Furnishings
2,910 visits/mo 0.2 miles

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 Retail in Providence, RI

8.5% 2019
8.8% 2020
7.9% 2021
6.2% 2022
6% 2023
5% 2024
6.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Open commercial space with high ceilings, abundant windows, central air, a private bathroom, and a commercial-grade sink.
Where is this storefront property located?
The property is located at 521 South 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: Vacant free‑standing commercial condominium at the end of the Corliss Landing complex; Fully open interior with abundant windows and high ceilings; Commercial‑grade sink, private bathroom, and central air conditioning
More about this property
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