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Downtown Office Building with Conversion Plans
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156-160 Westminster Street, Providence, RI 02903

Multi-story office building anchored by Washington Trust with signed drawings for residential unit conversion above.

Property Size15,744 SF
Days on Market122

Property Features for 156-160 Westminster Street

General Information

Standard status Active
Size 15,744 SF
Property subtype Office

Building Details

Stories 4
Listing Agency: MG Commercial
Listed By: Leeds Mitchell · License #REB 0019529
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 1:22PM

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 MG Commercial

Investment Insights

Based on property information with market context.

156–160 Westminster Street is a 15,744-square-foot, above-grade office building with ground-floor retail banking use and office space on upper floors. The ground floor is anchored by Washington Trust. Floors 2 through 4 are positioned for residential conversion, and signed, stamped construction drawings have been completed for 10 residential units on floors 3 and 4 (5 units per floor), with the drawings described as expandable to include the 2nd floor for a total of 15 units.

The property is located in Providence’s Financial District and is described as being surrounded by amenities including restaurants and parking. It is also noted as a short walk to the AMTRAK/MBTA Providence Station.

Overall, the building offers a mixed-use configuration today with a documented pathway for converting portions of the upper floors to residences based on completed construction drawings.

Key Highlights

  • 15,744 SF above‑grade office building in Providence’s financial district, anchored by Washington Trust on the ground floor
  • Floors 2–4 are ready for residential conversion
  • Signed and stamped construction drawings completed for 10 residential units (5 per floor) on floors 3 & 4

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Daycare Center Tanning Salon Carpet & Flooring Store Pet Grooming 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

6,292
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
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Frequently Asked Questions

What type of property is this?
Office building - Multi-story office building anchored by Washington Trust with signed drawings for residential unit conversion above.
Where is this office building located?
The property is located at 156-160 Westminster Street Providence, RI.
What are key features of this property?
This property features: 15,744 SF above‑grade office building in Providence’s financial district, anchored by Washington Trust on the ground floor; Floors 2–4 are ready for residential conversion; Signed and stamped construction drawings completed for 10 residential units (5 per floor) on floors 3 & 4
More about this property
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