2 commercial condos available in Downtown Providence at 51 & 55 Union Street for sale or lease.
An exceptional opportunity to own a commercial condo in the heart of downtown Providence, perfectly suited for a bar, lounge, nightclub, or entertainment venue. This property benefits from strong foot traffic, nearby restaurants and nightlife, and close proximity to offices, residential developments, and major thoroughfares. The space offers a flexible, open layout ideal for a dance floor, stage, or customizable seating arrangement. The unit is nearly turnkey and requires only minor repairs and cosmetic updates to be fully operational. Property Highlights: * Prime downtown Providence location * Commercial condo ownership opportunity Ideal for bar, club, or entertainment concept * Open floor plan with adaptable layout * High-visibility area with consistent foot traffic * Minimal improvements needed Whether you are launching a new concept or investing in a high-demand entertainment corridor, this property presents a rare chance to own in downtown Providence’s thriving commercial market. Contact us today for more details or to schedule a private showing. Also available with Lease to Own Option. Sale of property includes the following fees: water/sewer cost; monthly building insurance cost; Condo Fee - commercial space units each pay 15% of the total 60% of the condo fees.
Lease option is also available. Five (5) Year Triple Net Lease: $3,500 Triple Net Lease per month for 2 Years; Increasing to $4,500 Triple Net per month for the next 3 Years. CPI Increases following the fifth year. Tenant may exercise the Option to Purchase at any time during the lease period
51 Union Street Providence RI 02803 Sale Price $575,000
55 Union Street Providence RI 02903 Sale Price $475,000