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    138 Spring St Newport, RI 02840

    Pending
    For Sale
    $325,000

    Office,Commercial - Newport, RI

    Property size:
    580 SF
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 138 Spring St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    GB
    Interior features
    Ceiling Height (9 To 12 Ft)
    Exterior features
    Sidewalks, Local Historic District, Downtown, Historic, Urban
    Size
    580 SF

    Taxes and HOA fees

    Expense value
    126
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Year built
    1900
    Number of units
    1
    Architectural style
    Other

    Lila Delman Compass

    Listing agent Newport Living Group (401) 848-2101

    Listing date Nov 17, 2025

    MLS# 1399556 Listing URL

    Copyright © 2025 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.

    Overview

    Retail Space in Prime Location

    This commercial unit presents an opportunity for businesses seeking a location on Spring Street in downtown Newport, situated at the top of Queen Anne's Square. The space features oversized plate glass bay windows designed to showcase merchandise and attract customers, complemented by natural light. Track lighting is installed to highlight displays. A dedicated store room is available for inventory and supplies, along with a half bath for staff and customer convenience. The location experiences heavy foot traffic, offering exposure to potential customers. The property is zoned GB and the unit contains 580 square feet. This space is suitable for a boutique, gallery, specialty shop, or other businesses aiming to establish themselves in a Newport location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Floralia Newport, Greenlion, Bellevue Florist, Broadway Florist

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.312752
    Latitude
    41.487365

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    FAQs

    What type of property is this?
    Storefront property - High-visibility retail space in downtown Newport with heavy foot traffic.
    Where is this storefront property located?
    The property is located at 138 Spring St Newport, RI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - High-visibility location on Spring Street in downtown Newport with heavy foot traffic.; - Oversized plate glass bay windows for showcasing merchandise and attracting customers.; - Ideal timing for the lucrative holiday shopping season.
    (401) 848-2101
    Request Owner's contact information
    138 Spring St Newport, RI 02840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    138 Spring St Newport, RI 02840
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