Building Details

Year Built 1900

Listing Agency: Lila Delman Compass K***@liladelman.com Show Phone

Listed By: Lila Delman Compass Show Phone

Source: Xome

Added: Apr 24 Changed: Aug 29 Last Checked: Jul 22 at 3:31AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lila Delman Compass

Investment Insights

Based on property information with market context.

This 580 SF storefront occupies two levels within a building constructed in 1900. A comprehensive renovation introduced new flooring, refreshed lighting, a new air-conditioning system, and an updated bathroom. The space also includes a kitchenette with a refrigerator, wine refrigerator, microwave, sink, and adjustable custom storage, along with a rear storage and workroom area. Large windows bring natural light into the interior, while a recent exterior refresh completes the improvements.

Located on Spring Street in Newport, the property sits across from Trinity Church and Queen Anne Square. The site is zoned GB and offers drive-by exposure and foot traffic along one of the area’s primary thoroughfares. The storefront is presented for immediate occupancy.

Key Highlights

• 580 SF two‑level storefront
• Comprehensive interior renovation with updated flooring and lighting
• Kitchenette includes refrigerator, wine refrigerator, microwave, sink, and custom storage

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Daycare Center Carpet & Flooring Store Pharmacy Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Storefront property - Updated finishes, kitchenette, rear workroom, and prominent windows support flexible retail operations.

Where is this storefront property located?

The property is located at 138 Spring Street Unit 1 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: 580 SF two‑level storefront; Comprehensive interior renovation with updated flooring and lighting; Kitchenette includes refrigerator, wine refrigerator, microwave, sink, and custom storage