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Flexible-Layout Retail Space
For Sale
$475,000

C002-55 Union St, Providence, RI 02903

Commercial condo with an open floor plan adaptable for hospitality, creative workspace, or professional office use.

Property SizeContact for details
Days on Market82

Property Features for C002-55 Union St

General Information

Standard status Active

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $7,428
Listing Agency: Innovations Realty
Listed By: The ALBA Group · License #48103
Source: Exprealty
Added: Jun 11 Changed: Aug 30 Last Checked: Aug 30 at 6:58PM

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 condominium at C002-55 Union St offers an open, adaptable interior that can be configured for a bar, restaurant, café, or professional office. The flexible layout supports a range of hospitality, creative-workspace, and traditional office concepts, subject to applicable requirements.

The property is situated in downtown Providence within walking distance of Providence Place Mall and City Hall. Businesses, restaurants, and residential development surround the site, while convenient highway access supports travel for customers, employees, and patrons.

The property is offered for sale and also has a lease-to-own option. Ownership includes water and sewer costs, monthly building insurance costs, and the applicable commercial condominium fee structure.

Key Highlights

  • Downtown Providence commercial condo at C002‑55 Union St
  • Open, adaptable floor plan for bar, restaurant, café, or office use
  • Walking distance to Providence Place Mall and City Hall

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Daycare Center Auto Parts Store Pet Grooming Service Carpet & Flooring Store Locksmith Catering 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.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

5,839
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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial condo with an open floor plan adaptable for hospitality, creative workspace, or professional office use.
Where is this retail space located?
The property is located at C002-55 Union St 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: Downtown Providence commercial condo at C002‑55 Union St; Open, adaptable floor plan for bar, restaurant, café, or office use; Walking distance to Providence Place Mall and City Hall
More about this property
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