For lease
Night clubs
RI
Providence
02903
51 Union #C003

Downtown Entertainment Lease-to-Own Condo

51 Union #C003, Providence, RI 02903

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For Lease

$3,500 /Mo

Open-concept bar and entertainment space offered under a five-year lease-to-own structure with triple-net terms.

Type:Commercial

HighLights

Commercial condo in downtown Providence built in 1900, offered under a five‑year lease‑to‑own structure.
Triple Net lease terms: $3,500/month for 2 years, increasing to $4,500/month for the next 3 years.
CPI increases after the fifth year; tenant may exercise the option to purchase during the lease period.
Open‑concept layout with adaptable floor plan for bar, lounge, nightclub, or entertainment use.
Condo fees vary by month (see MLS# 1415182).

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Contact an agent

THE ALBA GROUP

Learn more

For Lease

$3,500 /Mo

Open-concept bar and entertainment space offered under a five-year lease-to-own structure with triple-net terms.

Type:Commercial

Added:: Jun 12, 2026
Days on Market:: 16
Last Refresh:: Jun 20 at 7:20 am

Property Features for 51 Union #C003

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Contact an agent

THE ALBA GROUP

Listing office INNOVATIONS REALTY

Listing date Jun 12, 2026

Source Corcoran

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 INNOVATIONS REALTY

HighLights

Commercial condo in downtown Providence built in 1900, offered under a five‑year lease‑to‑own structure.
Triple Net lease terms: $3,500/month for 2 years, increasing to $4,500/month for the next 3 years.
CPI increases after the fifth year; tenant may exercise the option to purchase during the lease period.
Open‑concept layout with adaptable floor plan for bar, lounge, nightclub, or entertainment use.
Condo fees vary by month (see MLS# 1415182).

Overview

This lease-to-own commercial condo is well-suited for a bar, lounge, nightclub, or other entertainment concept. The space features an open floor plan that can support a range of setups, including a dance floor area, a stage, or customizable seating. The unit is described as nearly turnkey, with only minor repairs and cosmetic updates needed to become fully operational.

Located in downtown Providence, the property is positioned to benefit from foot traffic and surrounding commercial activity, including nearby restaurants and nightlife. The public remarks also note close proximity to offices and residential developments as well as major thoroughfares.

From an operator’s standpoint, the adaptable layout and entertainment-ready configuration make this property practical for concepts that need flexible floor flow and staging capability. The lease structure is presented as a five-year triple net lease, with the tenant also having an option to purchase at any time during the lease period. Condo fees are noted as varying by month, and CPI increases are described as beginning after the fifth year. See MLS# 1415182 for additional details.

Location Intelligence

Current Use by Public Records

Night clubs

Suggested Use

Similar Places Nearby

Tiny Bar — 377 Richmond St, Providence, RI 02903
Deadbeats — 289 Knight St, Providence, RI 02909
Dancing Cats Bar — 41 Central St, Providence, RI 02907
Ibiza Lounge — Summer St, Providence, RI 02903
La Sonrisa Restaurant — 320 Broad St, Providence, RI 02907

Location Insight

Map
Local Demand

City: Providence
County: Providence
State: Rhode Island
Longitude: -71.41454
Latitude: 41.82385

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For lease
Night clubs
RI
Providence
02903
51 Union #C003

What type of property is this?

Night club - Open-concept bar and entertainment space offered under a five-year lease-to-own structure with triple-net terms.

Where is this night club located?

The property is located at 51 Union #C003 Providence, RI.

What is the lease rate?

The lease rate is $3,500 /Mo.

What are key features of this property?

This property features: Commercial condo in downtown Providence built in 1900, offered under a five‑year lease‑to‑own structure.; Triple Net lease terms: $3,500/month for 2 years, increasing to $4,500/month for the next 3 years.; CPI increases after the fifth year; tenant may exercise the option to purchase during the lease period.