28 Pelham Street, Newport, RI 02840
sale
$2,200,000
|
Other
Courtesy Of Kirby & Kirby
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.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Exterior Type: Frame
- Floors: 3
- Heating System: Forced Air
- MLSID: 1405849
- Rooms: Basement
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