551 Thames Street, Newport, RI 02840
COMMERCIAL - Newport, RI
- Added:
- Jun 15, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 551 Thames Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- WB
- Parking
- 208
- Interior features
- Ceiling Height (7 to 9 Ft)
- Standard status
- Active
- Size
- 89,653 SF
- Lot size
- 5.27 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 175859
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1985
- Floors in Building
- 3
- Number of units
- 1
- Building materials
- Masonry
Listing agent Mike Sweeney (401) 849-3000
Listing office Gustave White Sotheby's Realty 37 Bellevue Ave, Newport, RI (401) 849-3000
Listing date Jun 15, 2026
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.
HighLights
- Waterfront resort on 5.27 acres in Newport Harbor with 52 two‑bedroom suites across four buildings
- Zoning approved modification to convert 52 transient guest suites into 152 one‑bedroom hotel units
- Indoor and outdoor swimming pools, tennis courts, and a fitness center
- Central heating and central air; ceiling height 7 to 9 ft
- 208 on‑site parking spaces
- Water views spanning the harbor, Goat Island, the Newport Bridge, and beyond
Overview
Located at 551 Thames Street in Newport, Rhode Island, the property’s positioning on Newport Harbor provides water views that extend to Goat Island and the Newport Bridge and beyond. The listing describes the asset as being steps from Newport’s waterfront attractions, reinforcing its established relationship to the area’s coastal tourism environment.
Beyond the existing 52-unit transient guest facility, the property includes Newport zoning approval for a modification to the Special Use Permit, allowing conversion of the current transient guest use into 152 one-bedroom hotel units. This creates a development and operating pathway for an owner or operator seeking to reconfigure the existing resort footprint into a higher-density hotel product while retaining the core waterfront setting and existing amenity package.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.315235
- Latitude
- 41.477811
