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55 Pine St 25,200 SF 83% Leased Office Building Providence, RI 02903 $2,695,000 ($106.94/SF)

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INVESTMENT HIGHLIGHTS

  • Ideal for residential conversion
  • Surrounded by garage and surface parking options
  • Prime downtown location
  • 4200 SF floor plates on 4 floors above existing restaurant

EXECUTIVE SUMMARY

A unique opportunity to purchase this 5-story office building with brick and beam construction. Each floor is approximately 4,200 SF and has 2 egress points via stairwells and full building elevator. The building is anchored by the long-standing restaurant Ten Prime Steak & Sushi since 2001. Flexible existing office leases afford the opportunity for a residential conversion with stable income from the anchor restaurant operator.

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
25,200 SF
Building Class
B
Year Built
1920
Price
$2,695,000
Price Per SF
$106.94
Percent Leased
83%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
4,200 SF
Slab To Slab
14’
Building FAR
0.60
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
D1-150 - Commercial

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 2nd Floor
  • 250-500 SF
  • Office
  • -
  • 30 Days

Single office options at $750 per month for an office and common area amenities, including lounge, break room, conference room and restrooms all serviced by Landlord. Utilities are included.

  • 3rd Fl-Ste 300
  • 4,200 SF
  • Office
  • -
  • Now

An exceptional five-story brick office building in downtown Providence with the opportunity to lease this 3rd/4th floor, 4,200 SF brick and beam style office suite(s) configured with perimeter office and conference room space. In addition there is ample bullpen area for cubes and a large kitchen/breakroom area. With windows on three sides, there is ample natural light throughout the space. In addition, there are individual office suites available for lease on the second-floor.

  • 4th Fl-Ste 400
  • 4,200 SF
  • Office
  • -
  • 30 Days
Space Size Space Use Condition Available
2nd Floor 250-500 SF Office - 30 Days
3rd Fl-Ste 300 4,200 SF Office - Now
4th Fl-Ste 400 4,200 SF Office - 30 Days

2nd Floor

Size
250-500 SF
Space Use
Office
Condition
-
Available
30 Days

3rd Fl-Ste 300

Size
4,200 SF
Space Use
Office
Condition
-
Available
Now

4th Fl-Ste 400

Size
4,200 SF
Space Use
Office
Condition
-
Available
30 Days

2nd Floor

Size 250-500 SF
Space Use Office
Condition -
Available 30 Days

Single office options at $750 per month for an office and common area amenities, including lounge, break room, conference room and restrooms all serviced by Landlord. Utilities are included.

3rd Fl-Ste 300

Size 4,200 SF
Space Use Office
Condition -
Available Now

An exceptional five-story brick office building in downtown Providence with the opportunity to lease this 3rd/4th floor, 4,200 SF brick and beam style office suite(s) configured with perimeter office and conference room space. In addition there is ample bullpen area for cubes and a large kitchen/breakroom area. With windows on three sides, there is ample natural light throughout the space. In addition, there are individual office suites available for lease on the second-floor.

Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (89)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
PROV-200047-000000-000000
Land Assessment
$490,100
Improvements Assessment
$1,086,100
Total Assessment
$1,576,200
  • Listing ID: 37472547

  • Date on Market: 8/29/2025

  • Last Updated:

  • Address: 55 Pine St, Providence, RI 02903

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