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 Market118
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 with refrigerator, wine refrigerator, microwave, sink, and custom adjustable storage
rear storage/workroom
recent 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 22 at 3:06PM
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 at 138 Spring Street offers a renovated interior with large windows, refreshed flooring, updated light fixtures, and wall-unit cooling. The space also includes an updated bathroom, a kitchenette with a refrigerator, wine refrigerator, microwave, sink, and adjustable storage, plus a rear storage and workroom area.
The property is positioned across from Trinity Church and Queen Anne Square on Spring Street in Newport. Its improvements include a recent exterior refresh, while the building provides 12 to 15 Ft ceiling height, natural gas heating, public sewer, and basement space. Built in 1900 and zoned GB, the property is configured for retail use with updated functional elements for day-to-day operations.
The property is positioned across from Trinity Church and Queen Anne Square on Spring Street in Newport. Its improvements include a recent exterior refresh, while the building provides 12 to 15 Ft ceiling height, natural gas heating, public sewer, and basement space. Built in 1900 and zoned GB, the property is configured for retail use with updated functional elements for day-to-day operations.
Key Highlights
- Two‑level storefront with renovated interior finishes
- Across from Trinity Church and Queen Anne Square on Spring Street
- 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Floralia Newport — 99 Spring St, Newport, RI 02840
- Fleur Soiree — 50 Friendship St, Newport, RI 02840
- The Water's Edge Flowers — 212 Broadway, Newport, RI 02840
- Greenlion — 174 Bellevue Ave #220, Newport, RI 02840
- Broadway Florist — 12 Corne St, Newport, RI 02840
Frequently Asked Questions
What type of property is this?
Storefront property - Updated retail space with large windows, kitchenette, rear workroom, and public sewer.
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 with renovated interior finishes; Across from Trinity Church and Queen Anne Square on Spring Street; Kitchenette includes refrigerator, wine refrigerator, microwave, sink, and adjustable storage
