Property profile

50 Waterman St North Providence, RI 02911

OFF-MARKET
Specialty properties
Built 1940
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 50 Waterman in North Providence, Rhode Island, presents a unique investment opportunity. The property encompasses a substantial 13,939 square foot lot and includes a single building constructed in 1940. Currently vacant, this versatile space offers significant potential for a wide range of commercial uses. The building features a convenient ground-level loading door, ideal for businesses requiring efficient shipping and receiving operations. Its expansive layout allows for extensive customization, enabling businesses to tailor the space to their specific operational needs. Situated in a high-traffic area of North Providence, this property benefits from excellent visibility and accessibility, ensuring high potential for customer traffic and business growth. The substantial lot size and adaptable building design make this an attractive proposition for both established businesses seeking expansion and entrepreneurs looking to establish a new venture. The asking price for this prime commercial land is $425,000. The property's zip code is 02911, and it is located in Providence County. This is a rare opportunity to acquire a significant commercial property in a desirable Rhode Island location. Don't miss this chance to secure a valuable asset with considerable upside potential.

Property profile

Verified
Property type Specialty properties
Year built 1940

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

50 Waterman St North Providence, RI 02911
North Providence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 50 Waterman St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message