




Listed By Hogan Associates Christie's
The Retail Property for Sale located at 491 Thames Street, Newport, Rhode Island 02840 is currently for sale. 491 Thames Street, Newport, Rhode Island 02840 is listed for $3,250,000.
$3,250,000 USD
Retail Property for Sale, 491 Thames Street, Newport, Rhode Island 02840
- MLS#1395659
- Minimum sellable space
446 m² (4,800 ft²)
Property features
Property
- Property size:
446 m² (4,800 ft²) - Features: Basement
- Location: Waterfront
Lot/Land
- Land/Lot size:
243 m² (2,614 ft²) - Lot description: Corner LotSidewalks
Construction
- Year built: 1850
- Style: Freestanding
- Basement and foundation: Full Basement
Security
- Features: Carbon Monoxide DetectorStreet LightsFire AlarmSmoke Detector
View
- Features: Water View
Utilities
- Other utilities: GasMunicipal Water
Community
- Features: Golf CourseMarina
Description
This high visibility, fully renovated 1840 mixed-use building delivers exceptional income from three luxury short-term rental suites and two ground-floor retail spaces,.
It is located in the Waterfront Business Zone ,high traffic area on Lower Thames Street, .
All suites are recently renovated with high-end finishes, private decks, and harbor views,. The retail units have been , renovated with stamped ceilings, ceramic tile flooring and updated baths. Each 800 sq. ft.unit provides additional income with proven long-term tenants with annual renewals. The property also includes an on-site garage and 2 additional parking.spaces
Current operations have maintained 3 registered, legal suites in Airbnb Superhost status for over three years, with a 4.9-star average, 92% 5-star reviews and over 500 reviews in the past 12 months.
Offered at $3,250,000 USD, this property combines historic charm, operational stability, and exceptional income - a rare opportunity in Newport’s thriving waterfront market.
Location
491 Thames Street, Newport, Rhode Island 02840