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Renovated Mixed-Use Building on Thames

491 Thames Street, Newport, RI 02840

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For Sale

$3,250,000

High-visibility, renovated mixed-use building with income potential.

Type:Commercial

HighLights

High income generation from three luxury short‑term rental suites and two ground‑floor retail spaces.
Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.
Proven short‑term rental success with Airbnb Superhost status, high ratings, and numerous positive reviews.
Enjoy harbor views from the fully renovated rental suites featuring high‑end finishes and private decks.
Retail units renovated with stamped ceilings, ceramic tile flooring, and updated baths, occupied by long‑term tenants.
Includes on‑site garage and two additional parking spaces.

We can help!

Listing Contact

James Manson

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For Sale

$3,250,000

High-visibility, renovated mixed-use building with income potential.

Type:Commercial

Added:: Oct 18, 2025
Days on Market:: 238
Last Refresh:: Apr 25 at 6:28 am

Property Features for 491 Thames Street

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1850

We can help!

Listing Contact

James Manson

Listing agent James Manson

Listing office Hogan Associates Christie's

Listing date Oct 18, 2025

Source Liongatere

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

HighLights

High income generation from three luxury short‑term rental suites and two ground‑floor retail spaces.
Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.
Proven short‑term rental success with Airbnb Superhost status, high ratings, and numerous positive reviews.
Enjoy harbor views from the fully renovated rental suites featuring high‑end finishes and private decks.
Retail units renovated with stamped ceilings, ceramic tile flooring, and updated baths, occupied by long‑term tenants.
Includes on‑site garage and two additional parking spaces.

Overview

This renovated mixed-use building, constructed in 1840, offers income potential from three luxury short-term rental suites and two ground-floor retail spaces. The property is situated in the Waterfront Business Zone, a high-traffic area on Lower Thames Street. The suites have been renovated with high-end finishes, private decks, and harbor views. The retail units feature stamped ceilings, ceramic tile flooring, and updated baths. Each 800 sq. ft. unit provides additional income with 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. This property combines historic charm, operational stability and income potential in Newport's waterfront market.

Location Intelligence

Current Use by Public Records

Short term rental ...

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Location Insight

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Local Demand

City: Newport
County: Newport
State: Rhode Island
Longitude: -71.3144311
Latitude: 41.4796855

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For sale
Mixed-use properties
RI
Newport
02840
491 Thames Street

What type of property is this?

Mixed-use property - High-visibility, renovated mixed-use building with income potential.

Where is this mixed-use property located?

The property is located at 491 Thames Street 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: High income generation from three luxury short‑term rental suites and two ground‑floor retail spaces.; Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.; Proven short‑term rental success with Airbnb Superhost status, high ratings, and numerous positive reviews.