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.

©2023 State-Wide MLS, Inc. All rights reserved.

Data last updated 6:12 AM UTC, 10/19/2023.

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