Property profile

116 Waterman St Providence, RI 02906

OFF-MARKET
Retail properties & Spaces
Property ID
US76-0048482
Built 2024
Individually Owned 2-yr Hold
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Property summary

AI-generated overview

This exceptional 980-square-foot retail space is situated in a brand-new development at 116 Waterman Street, Providence, Rhode Island, 02906. The property, built in 2024, offers a single-tenant occupancy in a vibrant location directly in the heart of Brown University. This presents a unique opportunity for businesses seeking high visibility and foot traffic. The space is immediately available, allowing for quick and seamless occupancy. The building is a modern construction, offering contemporary amenities and a clean, professional aesthetic. Its central location within the bustling Brown University area guarantees a constant flow of potential customers. The address, 116 Waterman Street, provides excellent accessibility and prominent street-level exposure. This retail space is perfect for a variety of businesses looking to establish a presence in a thriving, high-traffic area. The property's single-tenant configuration ensures exclusive use and control of the space. This is an unparalleled opportunity to secure a prime retail location in a highly desirable area of Providence. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
UPID US76-0048482

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Association Or Organization

Location

116 Waterman St Providence, RI 02906
Providence metro
Google Maps

Value estimations

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

Owner & transaction history

since 2023
6 recorded transactions
2025
Price N/A
2024
Price N/A
2023
Price N/A
2023
Price N/A
2020
$1.5M
2016
$354,011

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
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