51 Union Street, Unit#c003 Providence

$575,000

The Property

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. See MLS # 1415191

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. Costs may vary.

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Listing Details

MLS Number

1415182

Features

  • Basement: Partial
  • Sidewalks
  • Downtown
  • Year Built: 1900

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today79-90% decrease in inventory
    New on Market *2033.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$191.17$12 increase in List Price/Sq.Ft.
    Avg. Sale Price *$260,000$38,750 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *86.96%-1.7% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$286.98$209 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *24494 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Innovations Realty

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