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Sheena Ruggirello

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

$2,900,000

Est. payment - /mo

5,181 SqFt

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,181 sqft

Price per Sqft $559

MLS Listing ID 1406499

HOA Y/N No

Abv Grd Liv Area 5,181

Year Built 1863

Annual Tax Amount $18,869

Tax Year 2025

Lot Size 5,227 Sqft

Property Sub-Type Commercial

Property Description

Welcome to an exceptional Newport investment opportunity. This beautifully updated property features 12+ rooms, including 6 bedrooms and 8.5 baths, and holds the valuable City of Newport Transient Guest Facility Certificate. Each guest room includes its own private full bath, offering an ideal setup for high-quality guest stays. Recent upgrades include a full fire sprinkler and alarm system, new water/sewer and dedicated sprinkler lines, updated HVAC/mini-splits, new roof and decks, interior painting, many replaced windows, new flooring, and more truly a turnkey offering. Located in a prime walkable area, guests enjoy easy access to Bellevue Avenue, the Cliff Walk, the Tennis Hall of Fame, Thames Street dining and shops, beaches, historic mansions, and top attractions. The property has a strong history of unique bookings, including movie crews, wedding parties, family reunions, tennis enthusiasts, and NYC getaway groups. With 7 off-street parking spaces, the possibilities for continued revenue growth are endless. Newport attracts over 3.5 million visitors annually and is one of the East Coast's top wedding destinations. Its proximity to NYC, Boston, and Providence Airport ensures convenient year-round travel. With its active Newport license, this property can welcome daily guests throughout the year. Detailed financials available upon request. Showings coordinated with the listing agent.

Location

State RI

County Newport

Rooms

Basement Full

Interior

Cooling Central Air, Ductless, 1 Unit

Laundry Laundry Room

Exterior

Community Features Clubhouse, Sidewalks

Utilities Available Sewer Connected

Amenities Available Recreation Room

Total Parking Spaces 7

Building

Building Description Frame, Public Restrooms

Sewer Connected, Public Sewer

Structure Type Frame

New Construction No

Others

Tax ID 28WEAVERAVNEWP

Security Features Fire Alarm,Fire Escape,Secured Garage/Parking,Smoke Detector(s),Building Security,Fire Sprinkler System,Security Lights

Virtual Tour https://tour.RiLiving.com/28-Weaver-Avenue-Newport-RI-02840--1406499

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Listed by Coldwell Banker Realty

Nearby School & Business

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Sheena Ruggirello

+1(860) 222-4734

Agent License ID: CN234452

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28 Weaver AVE Newport, RI 02840

Sheena Ruggirello

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information