28 Pelham Street, Newport, RI, 02840
0 beds
6 Half baths
1900
Historic/Antique
10,850 sqft
Presently being used as a commercial office building, 28 Pelham could be the next residential conversion right on Historic Hill. Whether you're searching for an occupied investment property, envisioning a residential conversion, or dreaming up Newport's next boutique hotel, 28 Pelham Street deserves your attention. Ideally situated in the heart of historic downtown Newport just one block from the iconic Bowens Wharf and Thames Street this three-story, 10,800 square foot building with a full basement offers rare versatility in one of New England's most coveted coastal markets. Currently operating as a multi-tenant office building with 16 individual tenants on yearly leases, the property generates consistent income from day one. Its well-laid-out floor plans across three full stories make it equally compelling for an owner-occupant seeking a signature headquarters, a developer with an eye toward adaptive reuse, or an investor looking to hold a stabilized asset in a high-demand location. Zoned General Business, the property also opens the door to a range of alternative uses including residential conversion and transient guest facilities subject to city approvals. Opportunities like 28 Pelham, where location, flexibility, and income converge, rarely come to market in downtown Newport. Don't let this one pass you by.
Status:
Pending
Type:
Single-family residential
Zoning:
GB
Subdivision:
Historic Hill
Garage:
No Garage
Heating:
Forced Air, Gas
Cooling:
Central Air
Basement:
Exterior Entry, Full, Interior Entry, Unfinished
Acreage:
0.12
Est. Taxes:
$13,249
Assessment
$1,248,200
Construction
Drywall,Clapboard
Utilities
Sewer Connected
Amenities:
Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
Days on Market:
40
Appliances:
Gas Water Heater
MLS #:
1405844
Community Info
School Info
Walk Score
Mass Transit
Yelp
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