Active
491 Thames Street
Newport RI, 02840
$3,850,000
$712.96 per sqft
Active
5,400 sqft
Commercial
Built in 1840
Located just steps from our world-famous Harbor, this exceptional property operates as a high cash flow, established business consisting of three completely renovated guesthouse suites and premium commercial space. The two single-bedroom suites, and three-bedroom penthouse include decks offering beautiful harbor sunset views. All of the suites have been newly furnished and contain the highest quality fixtures. Parking, a rarity in Newport, is also provided. Located in a Waterfront Business Zone, two 900 square foot, high quality retail spaces on the ground floor bring additional income. The guesthouse has successfully operated for over one year with consistently high guest ratings and consecutive Superhost status on AirBnB. Confirmed bookings through 2023. This is a turn-key, fully licensed operation that is very easy to manage. All furniture, fixtures and equipment are included in sale. No further investment needed.
1342928
MLSⓇ ID
August 31, 2023
Listed
October 19, 2023
Updated
Map
491 Thames Street
Newport RI, 02840
Interior Features
Total Stories
3
Laundry Description
Common Area, Laundry Room
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Baseboard, Hot Water, Zoned
Exterior/Building Features
Lot Size
0.06 acres
Lot Features
Corner Lot
Sewer
Connected
Other Property Details
Taxes
$12,116
Tax Frequency
Annually
Days on Market
48
Association Amenities
Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s), Waterfront, High Traffic Location, Street Lights
Garage
No
Parking
No
Parking Total
3
View
Yes
View Description
Water
County
Newport
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/7/2023 | Price Change | $3,850,000 -10% |
Courtesy of Hogan Associates Christie's
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Libby Kirwin Real Estate are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
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Data last updated 6:12 AM UTC, 10/19/2023.