Renovated Mixed-Use Building,
491 Thames Street, Newport, RI 02840
COMMERCIAL - Newport, RI
Type:Apartment
Property size:
4,800 SFLot size:
0.06 AcresPrice / SF:
$677/SF- Added:
- Oct 18, 2025
- Days on Market:
- 209
- Last Refresh:
- May 14 at 9:06 pm
Property Features for 491 Thames Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Zoning
- WB
- Rooms
- Basement
- Parking
- 6
- Interior features
- Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft)
- Basement
- Full
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13451
Utilities
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1850
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Frame
Listing agent James Manson (401) 845-9500
Listing office Hogan Associates Christie's 294 Valley Road, Middletown, RI (401) 845-9500
Listing date Oct 18, 2025
MLS# 1395659
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
- Exceptional income generation from 3 luxury short‑term rental suites and 2 ground‑floor retail spaces.
- Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.
- Proven operational success with Airbnb Superhost status for over three years, high ratings, and numerous positive reviews.
- Fully renovated with high‑end finishes, private decks, and harbor views in all suites.
- Two ground‑floor retail spaces with long‑term tenants and annual renewals.
- Includes an on‑site garage and 2 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. 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 retail unit is 800 sq. ft. and has long-term tenants with annual renewals. The property also 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 lot size is 0.06 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.3144311
- Latitude
- 41.4796855
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - High-visibility mixed-use building with income potential in Newport, RI.
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: Exceptional income generation from 3 luxury short‑term rental suites and 2 ground‑floor retail spaces.; Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.; Proven operational success with Airbnb Superhost status for over three years, high ratings, and numerous positive reviews.
