229 Waterman Street, Providence, RI, 02903 - Available for Sale

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229 Waterman Street

229 Waterman Street, Providence, RI 02903

$4,250,000

42,171 SF | Office

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Office Property For Sale

Price:
$4,250,000
Building Size:
42,171 SF
Price/SF:
$100.78
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with
2 years left on lease
Occupancy:
100%
No. Stories:
3
Building Class:
C
Tenancy:
Single
Year Built:
1945
Lot Size:
1.23 AC
Parking Ratio:
2.50 / 1,000 SF
Listing ID
16798947
Last Updated
3 days ago

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Description

229 Waterman Street is a 3 story, Class C office building prominently situated at the highly visible, signalized intersection of Wayland Avenue and Waterman Street on the East Side of Providence. This 42, 171 Square foot property is situated on 1.23 acres and offers superior street access to the amenities of Wayland Square, a nearby commercial hub.

The East Side location of 229 Waterman Street offers uncomparable vehicular and pedestrian traffic access. I-195 and I-95 are readily accessible and downtown Providence is a short 1.5 mile drive. Public transportation is abundant throughout the area.

Just a short walk from Brown University' s ( Brown ) main campus, the property is 100% net leased to Brown University until May 2012. With two college campuses located on the East Side, Brown University and Rhode Island School of Design, over 9,700 students and faculty members are within walking distance of 229 Waterman Street.

Map of 229 Waterman Street, Providence, RI 02903 (Providence County)

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Asking Price Index Trends for Providence, RI Office For Sale

  Sep 14 vs. 3 mo.
prior
Y-O-Y
-
State
$97-3.1%+0.3%
-
Metro
$96-3.0%-0.8%
-
County
$92-2.2%+4.8%

View Providence Market Trends for other property types for sale or lease. Learn more about the chart info.

229 Waterman Street
  • Office
  • $4,250,000
  • 42,171 SF