Renovated Mixed-Use Waterfront
For Sale
$3,250,000
Pending
491 Thames, Newport, RI 02840
High-visibility, renovated mixed-use building with income potential in Newport.
Property Size4,800 SF
Days on Market298
Property Features for 491 Thames
General Information
Standard status
Pending
Size
4,800 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,451
Amenities
Central air
Laundry Room
Corner Lot
Circuit Breakers
Common Area
Ductless Cooling
Hot Water Heating
Building Details
Year Built
1850
Listing Agency:
HOGAN ASSOCIATES CHRISTIE'S
(401) 845-9500
Listed By:
JAMES MANSON
Source:
Corcoran
Added: Oct 18, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:32PM
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 HOGAN ASSOCIATES CHRISTIE'S
Investment Insights
Based on property information with market context.
This renovated mixed-use building, constructed in 1840, offers income potential from three luxury short-term rental suites and two ground-floor retail spaces. Situated in the Waterfront Business Zone on Lower Thames Street, the property benefits from high traffic. The suites feature high-end finishes, private decks, and harbor views. The retail units include stamped ceilings, ceramic tile flooring, and updated bathrooms. Each 800 sq. ft. retail unit has long-term tenants with annual renewals. The property includes an on-site garage and two additional parking spaces. The suites have maintained Airbnb Superhost status for over three years, with a 4.9-star average, 92% 5-star reviews, and over 500 reviews in the past 12 months. The property size is 4800 sq. ft.
Key Highlights
- Exceptional income generation from three luxury short‑term rental suites and two ground‑floor retail spaces.
- Fully renovated with high‑end finishes, private decks, harbor views in suites; stamped ceilings, ceramic tile flooring, and updated baths in retail units.
- Proven operational stability with Airbnb Superhost status for over three years, a 4.9‑star average, and high review volume.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,368
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility, renovated mixed-use building with income potential in Newport.
Where is this mixed-use property located?
The property is located at 491 Thames Newport, RI.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Exceptional income generation from three luxury short‑term rental suites and two ground‑floor retail spaces.; Fully renovated with high‑end finishes, private decks, harbor views in suites; stamped ceilings, ceramic tile flooring, and updated baths in retail units.; Proven operational stability with Airbnb Superhost status for over three years, a 4.9‑star average, and high review volume.
