28 Pelham Street, Newport, RI, 02840
1900
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:
Commercial
Units:
0
Zoning:
GB
Complex:
Historic Hill
Heating:
Forced Air
Cooling:
Central Air
Basement:
Full
Acreage:
0.12
Est. Taxes:
$13,249
Assessment
$1,248,200
Permitted Use
Development
Construction
Frame
Utilities
Natural Gas Connected,Sewer Connected
Lot Description:
Historic District
Amenities:
Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
Days on Market:
40
MLS #:
1405849
Community Info
School Info
Walk Score
Mass Transit
Yelp
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