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Sheena Ruggirello

sheena.ruggirellos@gmail.com +1(860) 222-4734

$2,200,000

Est. payment - /mo

5,052 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

Subdivision Historic Hill

MLS Listing ID 1405849

HOA Y/N No

Year Built 1900

Annual Tax Amount $13,249

Tax Year 2025

Lot Size 5,052 Sqft

Acres 0.116

Property Sub-Type Commercial

Property Description

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.

Location

State RI

County Newport

Community Historic Hill

Zoning GB

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Exterior

Community Features Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks

Utilities Available Natural Gas Connected, Sewer Connected

Building

Lot Description Historic District

Story 3

Foundation Slab

Sewer Connected

Water Connected, Public

Level or Stories 3

Structure Type Frame

New Construction No

Others

Tax ID 28PELHAMSTNEWP

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Listed by Kirby & Kirby

Nearby School & Business

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Sheena Ruggirello

+1(860) 222-4734

Agent | License ID: CN234452

Agent License ID: CN234452

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28 Pelham ST Newport, RI 02840

Sheena Ruggirello

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information