Flexible Layout for Office or
For Sale
$475,000
55 Union Street Unit C002, Providence, RI 02903
Flexible commercial condo with adaptable layout for office or hospitality concepts, with highway access.
Property SizeContact for details
Days on Market140
Property Features for 55 Union Street Unit C002
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
[]
Additional Details
Highway Access
Yes
Building Details
Year Built
1900
Listing Agency:
Innovations Realty
Listed By:
The ALBA Group
(401) 619-8222
Source:
Teridegnan
Added: Apr 9
Changed: Aug 25
Last Checked: Aug 26 at 10:21AM
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
Investment Insights
Based on property information with market context.
This commercial condo unit (Unit C002) features an open, adaptable floor plan designed to support a range of uses, including a bar, restaurant, cafe, or professional office. The space is configured for easy interior customization to fit either a hospitality concept or a traditional office environment.
Situated in the heart of downtown Providence, the property is within walking distance of Providence Place Mall and City Hall. It is surrounded by thriving businesses, restaurants, and residential developments, and it offers easy highway access for clients, employees, and patrons.
The layout and location make this unit well-suited for an owner-user seeking a central workplace or hospitality space, as well as for buyers looking to add a commercial condo to a portfolio. Sale of the property includes water/sewer costs and a monthly building insurance cost, and the unit pays a condo fee allocation for commercial space units: each unit pays 15% of the total 60% of the condo fees, with costs that may vary. An option for lease-to-own is also available.
Situated in the heart of downtown Providence, the property is within walking distance of Providence Place Mall and City Hall. It is surrounded by thriving businesses, restaurants, and residential developments, and it offers easy highway access for clients, employees, and patrons.
The layout and location make this unit well-suited for an owner-user seeking a central workplace or hospitality space, as well as for buyers looking to add a commercial condo to a portfolio. Sale of the property includes water/sewer costs and a monthly building insurance cost, and the unit pays a condo fee allocation for commercial space units: each unit pays 15% of the total 60% of the condo fees, with costs that may vary. An option for lease-to-own is also available.
Key Highlights
- Commercial condo in downtown Providence built in 1900
- Walking distance to Providence Place Mall and City Hall
- Easy access to major highways for clients, employees, and patrons
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,839
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial condo with adaptable layout for office or hospitality concepts, with highway access.
Where is this office units located?
The property is located at 55 Union Street Unit C002 Providence, RI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Commercial condo in downtown Providence built in 1900; Walking distance to Providence Place Mall and City Hall; Easy access to major highways for clients, employees, and patrons
