Renovated Two-Level
For Sale
$485,000
138 Spring Street, Newport, RI 02840
Commercial/Business,Commercial Sale, Newport, RI
Property SizeContact for details
Days on Market125
Property Features for 138 Spring Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GB
Rooms
Basement
Interior features
Ceiling Height (12 to 15 Ft)
Basement
Full
Lot features
Local Historic District, Downtown, Historic, Urban
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2200
HOA Fee
$126 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall Unit(s)
Amenities
large windows
newly redone floors
updated light fixtures
brand-new air conditioning systems
updated bathroom
kitchenette
rear storage/workroom
exterior refresh
Building Details
Year built
1900
Floors in Building
1
Listing Agency:
Lila Delman Compass
(401) 848-2101
Listed By:
Newport Living Group
(401) 338-3771
Added: Apr 27
Changed: Aug 19
Last Checked: Aug 29 at 5:06AM
MLS# 1418048
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-level storefront property was built in 1900 and has undergone an extensive interior renovation. The space features large windows, redone flooring, updated light fixtures, a renovated bathroom, and a kitchenette equipped with a refrigerator, wine refrigerator, microwave, sink, and adjustable storage. A rear storage and workroom area adds functional support space, while the exterior has also been refreshed. Interior ceiling height ranges from 12 to 15 feet, and the property is served by natural gas heating, wall-unit cooling, and public sewer.
The property is located on Spring Street in Newport, directly across from Trinity Church and Queen Anne Square. The site is positioned along a primary thoroughfare with drive-by exposure and pedestrian activity. GB zoning supports its commercial storefront classification.
The property is located on Spring Street in Newport, directly across from Trinity Church and Queen Anne Square. The site is positioned along a primary thoroughfare with drive-by exposure and pedestrian activity. GB zoning supports its commercial storefront classification.
Key Highlights
- Two‑level storefront property with 12 to 15 Ft ceiling height
- Extensive interior renovation with redone floors and updated light fixtures
- Kitchenette includes refrigerator, wine refrigerator, microwave, sink, and adjustable storage
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,565
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Hotels & Casinos 24%
Apparel 22%
Dining 17%
Newport Marriott Hotel & Spa
Hotels & Casinos
15,983 visits/mo
0.4 miles
Dunkin' Donuts
Dining
7,151 visits/mo
0.4 miles
Sephora
Beauty & Spa
6,200 visits/mo
0.2 miles
Gap
Apparel
6,012 visits/mo
0.2 miles
Citizens Bank
Shops & Services
5,610 visits/mo
0.2 miles
Demographics for 02840, RI
23,902
Population
13,515
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,274
Density / Sq Mi
$83,515
Median Household Income
$41,228
Median Earnings
$1,610
Median Rent
$669,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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- Fleur Soiree — 50 Friendship St, Newport, RI 02840
Frequently Asked Questions
What type of property is this?
Storefront property - GB-zoned retail space with natural light, updated finishes, and a built-in kitchenette for commercial operations.
Where is this storefront property located?
The property is located at 138 Spring Street Newport, RI.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑level storefront property with 12 to 15 Ft ceiling height; Extensive interior renovation with redone floors and updated light fixtures; Kitchenette includes refrigerator, wine refrigerator, microwave, sink, and adjustable storage
