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    Historic Office Building in Providence Title is generated by Realmo AI

    56 Pine St, Providence, RI

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    Mixed-use building with retail and executive office suites.

    Type:OFFICE
    Property size:
    1,100 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $299/SF
    Added:
    Nov 24, 2025
    Days on Market:
    225
    Last Refresh:
    May 20 at 8:28 pm

    Property Features for 56 Pine St

    General Information

    Standard status
    Active
    Size
    1,100 SF
    Lot size
    0.17 Acres
    Property subtype
    OFFICE

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    Jim Conway
    Jim Conway

    Listing office Conway Commercial Group

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Conway Commercial Group

    HighLights

    • Prime downtown Providence location in the financial district.
    • Class A office condominium with high‑end features.
    • Abundant natural light from corner unit with lots of windows.
    • 24/7 access and security system.
    • Professionally managed and ADA compliant building.
    • Proximity to restaurants, hotels, bus line, and highway.

    Overview

    The Hanley Building is a historic brick office building situated in the heart of Providence's financial district. This mixed-use professional building features a combination of first-floor retail space and six floors of executive office suites. The building is ADA compliant and professionally managed. The location provides convenient access to restaurants, hotel accommodations, bus lines, and the highway. A Class A office condominium is available within the Hanley Building in Downtown Providence. Located directly off the elevator, this premium office suite includes a reception area, three private offices, a bathroom, an IT closet, a security system, and 24/7 access. The available office suite is a corner unit with abundant natural light due to its many windows. The property size is 1100 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $29.7k $27.00
    − Vacancy −$4.6k −$4.19
    EGI $25.1k $22.81
    − OpEx −$6.3k −$5.70
    NOI $18.8k $17.11
    1,100 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $268.9K
    $235.3K – $313.7K (±1% cap)
    NOI $18,822 @ 7.0% cap · market cap 5.72%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $368.0K
    $322.0K – $429.4K (±1% cap)
    NOI $25,761 @ 7.0% cap · market cap 7.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Law Offices of Thomas ... Law Firm Cerilli Peter J Law Firm Law Office of Gary ... Law Firm Mancini Carter, PC Law Firm Bianchi & Brouillard PC Law Firm

    Suggested Use

    Auto Parts Store Daycare Center Pet Store Pet Store & Service Pet Grooming Service Nursing Home (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Adult Day Care Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4094
    Latitude
    41.8229

    FAQs

    What type of property is this?
    Office units - Mixed-use building with retail and executive office suites.
    Where is this office units located?
    The property is located at 56 Pine St Providence, RI.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Prime downtown Providence location in the financial district.; Class A office condominium with high‑end features.; Abundant natural light from corner unit with lots of windows.
    (401) 447-6062 Call to check price and availability
    More about this property
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