Courtesy: Compass
401-274-1644
Rare mixed-use investment opportunity in the heart of Newport's thriving Broadway district. Positioned on a highly visible corner lot, 440 Broadway offers a compelling combination of commercial and residential income potential in one of the city's most desirable and walkable neighborhoods. The property features a fully built-out professional office space on the first floor, currently occupied by a well established dental practice with three exam rooms, laboratory, private office, reception area, waiting room, bathroom, and storage. The dental business is not included in the sale of the real estate and will be sold separately. The second-floor residential unit consists of a bright and spacious two-bedroom, one-bath apartment with hardwood floors, high ceilings, abundant natural light, and a private deck. The residential component provides additional income potential and strong rental appeal in Newport's historically supply-constrained housing market. Additional features include a detached two-car garage, two additional off-street parking spaces, private yard, full basement, & walk-up attic offering valuable storage and operational flexibility. The corner-lot location provides excellent visibility, accessibility, and long-term investment appeal. Whether added to an existing portfolio or acquired as a strategic owner-user investment, 440 Broadway presents a unique opportunity to own a versatile mixed-use asset in one of Newport's most established commercial corridors.
Courtesy: Gustave White Sotheby's Realty
401-849-3000
Nestled in the corner of Newport Harbor, the Wellington Resort presents one of the city's most significant waterfront investment opportunities. Spanning 5.27 acres in an exceptional harborfront setting, the property combines premier coastal real estate with excellent redevelopment and value-enhancement potential. The unique positioning of the property offers panoramic views of the harbor, Goat Island, the Newport Bridge, and beyond. The location is just steps from Newport's renowned waterfront attractions further distinguishing this landmark asset. The resort currently features 52 spacious, two-bedroom suites each with water views spanning four buildings, complemented by a full suite of resort-style amenities, including indoor and outdoor swimming pools, tennis courts, a fitness center, and 208 on-site parking spaces. Adding to its unique appeal, Newport zoning approved a modification to the existing Special Use Permit, allowing the conversion of the current 52-unit transient guest facility into 152 one-bedroom hotel units. This entitlement creates a rare opportunity to significantly increase density and unlock future development potential in one of Newport's most coveted waterfront locations.
Courtesy: Lila Delman Compass
401-848-2101
This unbeatable retail opportunity is perfectly positioned directly across from Trinity Church and Queen Anne Square on Spring Street, one of Newport's primary thoroughfares. Boasting exceptional drive-by exposure and high foot traffic, the two-level space has been transformed by a comprehensive interior renovation. Large windows flood the floor plan with natural light, highlighting newly redone floors, updated light fixtures, and a brand-new air conditioning systems. The space is now fully equipped for modern operations with an updated bathroom and the addition of a sleek kitchenette featuring a refrigerator, wine refrigerator, microwave, sink, and custom adjustable storage. Complemented by a rear storage/workroom and a recent exterior refresh, this turnkey property is ready for immediate occupancy, allowing you to hit the ground running just in time for the lucrative summer and fall seasons.
Courtesy: Coldwell Banker Realty
401-845-6900
Welcome to an exceptional Newport investment opportunity. This beautifully updated property features 12+ rooms, including 6 bedrooms and 8.5 baths, and holds the valuable City of Newport Transient Guest Facility Certificate. Each guest room includes its own private full bath, offering an ideal setup for high-quality guest stays. Recent upgrades include a full fire sprinkler and alarm system, new water/sewer and dedicated sprinkler lines, updated HVAC/mini-splits, new roof and decks, interior painting, many replaced windows, new flooring, and more truly a turnkey offering. Located in a prime walkable area, guests enjoy easy access to Bellevue Avenue, the Cliff Walk, the Tennis Hall of Fame, Thames Street dining and shops, beaches, historic mansions, and top attractions. The property has a strong history of unique bookings, including movie crews, wedding parties, family reunions, tennis enthusiasts, and NYC getaway groups. With 7 off-street parking spaces, the possibilities for continued revenue growth are endless. Newport attracts over 3.5 million visitors annually and is one of the East Coast's top wedding destinations. Its proximity to NYC, Boston, and Providence Airport ensures convenient year-round travel. With its active Newport license, this property can welcome daily guests throughout the year. Detailed financials available upon request. Showings coordinated with the listing agent.
Courtesy: Gustave White Sotheby's Realty
401-849-3000
Development opportunity. Currently used for industrial/commercial purposes, this offering includes two abutting lots totaling 1.37 acres. The 0.93-acre Sheffield Ave lot features two structures totaling approximately 21,860 SF and 5,600 SF. The adjacent 0.41-acre Garfield Ave parcel is vacant. Both lots are zoned R10, with grandfathered industrial/commercial use on the Sheffield lot. Combining the parcels allows for the creation of five separate R10 lots for development, or the existing structures may be utilized to maximize potential residential unit count. Fantastic opportunity for a residential development near downtown, continue to utilize as a commercial use, or a mixture of both.
Prime opportunity to own and operate a well-established restaurant in the heart of Newport's commercial corridor. Curryland is a popular Indian restaurant known for its authentic cuisine and loyal customer base. The property is ideally situated on JT Connel Highway, offering excellent visibility, and easy access to major routes and downtown Newport attractions. This restaurant offers a full kitchen and dining area, updated equipment and fixtures included. It has a strong local following and consistent takeout/delivery business. Ample parking and convenient location minutes from the Newport Bridge and downtown. This is a rare opportunity to acquire a thriving restaurant operation or fully equipped space suitable for a variety of food and beverage concepts. This restaurant is perfect for quick service concept looking to establish a presence in Newport's active dining scene.
Courtesy: Greenwich Bay Brokers
401-615-4100
America's First Resort. The City by Sea are just a couple Newport descriptions. We think of it as among Rhode Island's best features. And the best part of Newport is Twenty-Six Franklin Street a true rare offering in the heart of Downtown, where timeless charm, modern luxury, and investment potential come together under one roof. The private two-bedroom, two-bath residence spans two levels above the harborscape, creating the feeling of a coastal sanctuary. Thoughtfully designed, it features light-filled living areas, a well-appointed kitchen and dining space, and comfortable accommodations ideal for both everyday living and entertaining. Sitting atop of it all is your private rooftop deck an extraordinary rarity in Newport offering sweeping views of it all, perfectly suited for morning coffee, sunset gatherings, or evenings under the stars. Whether enjoyed as a primary residence, a vacation retreat, or a proven rental property, this home delivers both comfort and versatility. On the street level, the property includes a charming retail storefront that has thrived for more than a decade. With steady foot traffic from Newport's vibrant downtown, this flexible commercial space offers opportunity for continued retail use or future reimagining. Steps from Thames Street, the bustling waterfront, and Newport's world-class restaurants and shops, Twenty-Six Franklin combines lifestyle, luxury, and income potential in one of America's most iconic destinations.
Courtesy: Lila Delman Compass
401-848-2101
Attention contractors, tradesmen, and savvy business owners! Dive into the heart of Newport's bustling commercial scene with this ideally situated commercial condo. Located at 64 Halsey Street, this property offers an unmatched combination of utility and accessibility, making it a perfect base for your growing business. Just a stone's throw away from Newport's picturesque waterfront and the thriving downtown area, this commercial space ensures you stay connected with the city's pulse. The location also provides effortless access to Middletown and critical highway and bridge routes, guaranteeing ease of transportation for you and your clientele. This commercial condo boasts separate utilities for ultimate convenience, including gas overhead heating, municipal water/sewer services, and electric. A sizable 14' overhead door provides ample space for deliveries and large equipment, while an additional entrance door adds to the unit's versatility. The interior features a practical half bath and the convenience of 2 dedicated parking spots directly outside the unit, ensuring you and your visitors always have a place to park. Moreover, should you require specialized machinery, there's the option to negotiate a separate purchase, giving you a head start in setting up your operations. Don't miss out on this rare chance to own a slice of Newport's commercial real estate. Make 64 Halsey Street your business's new home & set sail for success in one of Rhode Island's most vibrant locale.
Newport is located in Rhode Island. Newport, Rhode Island has a population of 25,322. Newport is less family-centric than the surrounding county with 21.09% of the households containing married families with children. The county average for households married with children is 27.01%.
The median household income in Newport, Rhode Island is $77,092. The median household income for the surrounding county is $90,435 compared to the national median of $69,021. The median age of people living in Newport is 35.2 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 22.9 degrees. The average rainfall is approximately 47.8 inches per year, with 30.5 inches of snow per year.
