55 Union #C002, Providence, RI 02903

Building Details

Year Built

1900

Listing office INNOVATIONS REALTY t***@gmail.com Show Phone

Listing date Jun 12, 2026

Source Corcoran

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Overview

This offering is a commercial condo unit available for lease under a five-year triple net structure. The space is described as having an open and adaptable layout that can support a range of concepts, including a bar, restaurant, café, or professional office. The property also references condo fee costs that vary by month, and it notes future rent adjustments tied to the lease term.

The unit is positioned in downtown Providence and is described as within walking distance of Providence Place Mall and City Hall. It is also characterized as being surrounded by thriving businesses, restaurants, and residential developments. In addition, the property highlights easy access to major highways and strong pedestrian and vehicular traffic.

For tenants or owner-users seeking a centrally located footprint with layout flexibility, this unit’s stated suitability for both hospitality and office use can help match different operating models. It may also be considered by investors looking for a structured triple net lease with scheduled rent increases over the five-year term, subject to the condo fee costs referenced in the offering details. For complete lease terms and condo fee specifics, refer to the listing information and MLS reference provided.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Providence

County

Providence

State

Rhode Island

Longitude

-71.4146006

Latitude

41.823924

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FAQs

What type of property is this?

NNN property - Commercial condo with flexible layout for hospitality or professional office use under a five-year triple net lease.

Where is this nnn property located?

The property is located at 55 Union #C002 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 with a flexible layout suitable for a bar, restaurant, café, or professional office; 5‑year triple net lease with rent of $3,500/month for 2 years, increasing to $4,500/month for the next 3 years; CPI increases following the fifth year; condo fee costs vary per month