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51-55 Union St - National Building / The Strand Building 1,728 - 2,193 SF Office/Retail Condo Units Offered at $550,000 - $650,000 Per Unit in Providence, RI 02903

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Investment Highlights

  • Prime downtown Providence location
  • Flexible layout suitable for bar, restaurant, or office use
  • Excellent owner-user or investment opportunity
  • Prime downtown Providence location
  • Strong pedestrian and vehicular traffic

Executive Summary

Take advantage of this outstanding opportunity to own a commercial condo in the heart of downtown Providence. Ideally positioned within walking distance to Providence Place Mall, City Hall, and surrounded by thriving businesses, restaurants, and residential developments. This property offers exceptional visibility and convenience. Easy highway access makes it accessible for clients, employees, and patrons alike. The versatile layout makes this space ideal for a bar, restaurant, café, or professional office. With an open and adaptable floor plan, you can customize the interior to suit a hospitality concept, creative workspace, or traditional office setting. Property Highlights: * Prime downtown Providence location * Walking distance to Providence Place Mall and City Hall * Easy access to major highways * Flexible layout suitable for bar, restaurant, or office use * Strong pedestrian and vehicular traffic * Excellent owner-user or investment opportunity Whether you’re looking to establish your business in a high-demand area or add to your commercial portfolio, this property delivers location, flexibility, and long-term value. Contact us today for additional information or to schedule a private showing.

Property Facts

Total Building Size 28,755 SF
Property Type Multifamily
Property Subtype Apartment
Building Class C
Floors 3
Typical Floor Size 21,708 SF
Year Built 1915
Lot Size 0.54 AC
Parking Ratio 1.87/1,000 SF
Opportunity Zone Yes
Zoning D-1-12

Amenities

Site Amenities

  • 24 Hour Access

2 Units Available

Unit C002

Unit Size 1,728 SF
Price $550,000
Price Per SF $318.29
Condo Use Office/Retail
Sale Type Investment or Owner User
Description

Take advantage of this outstanding opportunity to own a commercial condo in the heart of downtown Providence. Ideally positioned within walking distance to Providence Place Mall, City Hall, and surrounded by thriving businesses, restaurants, and residential developments. This property offers exceptional visibility and convenience. Easy highway access makes it accessible for clients, employees, and patrons alike.

Sale Notes

The versatile layout makes this space ideal for a bar, restaurant, café, or professional office. With an open and adaptable floor plan, you can customize the interior to suit a hospitality concept, creative workspace, or traditional office setting.

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Unit C003

Unit Size 2,193 SF
Price $650,000
Price Per SF $296.40
Condo Use Office/Retail
Sale Type Investment or Owner User
Sale Notes

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.

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Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 20 - 1,000
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39645682

  • Date on Market: 3/3/2026

  • Last Updated:

  • Address: 51-55 Union St, Providence, RI 02903

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