491 493 Thames Street, Newport, RI, 02840
1850
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, a 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.
Status:
Active
Type:
Commercial
Laundry Remarks:
Common Area,Laundry Room
Units:
3
Zoning:
WB
Complex:
Thames Street Harbour
Heating:
Ductless, Hot Water
Cooling:
Ductless, 1 Unit
Basement:
Full
Parking:
6-car
Est. Taxes:
$13,451
Assessment
$1,249,400
Permitted Use
Investment,Multi-Family,Mixed Use,Office,Residential
Construction
Frame
Utilities
Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
Lot Description:
Corner Lot
View Description:
Water
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks, Tennis Court(s), Waterfront, Street Lights
Days on Market:
10
MLS #:
1395659
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Hogan Associates Christie's 401-862-2741