551 Thames Street, Newport, RI 02840
COMMERCIAL - Newport, RI
- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 10:06 pm
Property Features for 551 Thames Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- WB
- Parking
- 208
- Interior features
- Ceiling Height (7 to 9 Ft)
- Standard status
- Active
- Size
- 89,653 SF
- Lot size
- 5.27 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 175859
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1985
- Floors in Building
- 3
- Number of units
- 1
- Building materials
- Masonry
Listing agent Mike Sweeney (401) 849-3000
Listing office Gustave White Sotheby's Realty 37 Bellevue Ave, Newport, RI (401) 849-3000
Listing date Jun 15, 2026
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
- Waterfront property in corner of Newport Harbor with 5.27 acres and water views
- 52 two‑bedroom suites across four buildings, all described as having water views
- Zoning approval for modification to Special Use Permit to convert 52 transient guest suites into 152 one‑bedroom hotel units
- Resort‑style amenities include indoor and outdoor swimming pools, tennis courts, and fitness center
- 208 on‑site parking spaces
Overview
Located at 551 Thames Street in Newport, the resort sits steps from the city’s renowned waterfront attractions. The property’s setting provides panoramic water views, including Goat Island and the Newport Bridge. Zoning is listed as WB, and Newport has approved a modification to the existing Special Use Permit.
As entitled, the current 52-unit transient guest facility can be converted into 152 one-bedroom hotel units, providing a clear redevelopment path for an operator or buyer. This combination of existing resort infrastructure, on-site parking, and approved density modification may appeal to hospitality investors seeking a transition from suite-based accommodations to higher unit hotel programming.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.315235
- Latitude
- 41.477811
