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$3,500

55 Union Street UNIT C002
Providence, RI 02903
Listed by The ALBA Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Take advantage of this outstanding opportunity to Lease 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. This is a 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. Condo Fee Costs Vary per month. See MLS # 1415175

Property details

MLS #
1415194
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
10
On market date
June 11, 2026
Stories
N/A
Garage spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Carl G. Lauro El. School
0.62 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
553
Student:teacher ratio
12.9:1
District
Providence
Middle
Urban Collaborative Program
0.39 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
108
Student:teacher ratio
10.8:1
District
Urban Collaborative
HighCharter
Trinity Academy Performing Art
0.07 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
211
Student:teacher ratio
10.0:1
District
Trinity Academy for the Performing Arts

Mortgage calculator

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Est. monthly payment
$171/mo
$700 down
$2,800 loan
Principal & interest$18
Property tax (est.)$3
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 22, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.