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    28 Pelham St Newport, RI 02840

    Sponsored
    For Lease
    $16 SF/Yr ($14,963 /Mo)

    Prime Downtown Newport Location, Flexible Suites Available

    Lot size:
    10,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Discover a remarkable three-story office building at 28 Pelham Street in the heart of Newport, Rhode Island. This 10,850 square foot property offers a variety of office spaces to suit diverse business needs, from individual professionals to larger companies. Currently, eight individual office suites are available, ranging in size from 176 to 1,450 square feet. An additional, significant opportunity is coming in October, with up to 4,000 square feet of premium office space becoming available for lease. The building's traditional style is complemented by its adaptable layout, making it suitable for a range of office configurations, including traditional, executive, and creative office spaces. Its location near Bowen's Wharf provides easy access to Newport's vibrant business district and the historic charm of the city. This exceptional property presents a rare chance to establish a presence in one of Newport's most sought-after commercial locations, where the rich history of the city blends seamlessly with a thriving modern business environment. The building is situated in Newport County and offers multiple tenancy options. This is an ideal opportunity for businesses seeking a prestigious address in a dynamic and desirable location. Contact us today to learn more about the available spaces and lease terms.

    Property Features for 28 Pelham St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,850 SF
    Total Rate
    14963.96

    Unit(s) available at that property

    Space
    Suite 201
    Size
    235 SF
    Rate per SF
    $33
    Space
    Suite 105
    Size
    485 SF
    Rate per SF
    $29
    Space
    Suite 102
    Size
    332 SF
    Rate per SF
    $30
    Space
    Suite 202
    Size
    240 SF
    Rate per SF
    $35
    Space
    Suite 101
    Size
    1,000 SF
    Rate per SF
    $22
    Space
    Suite 203
    Size
    1,450 SF
    Rate per SF
    $16
    Space
    Suite 206
    Size
    536 SF
    Rate per SF
    $22
    Space
    Suite 304
    Size
    176 SF
    Rate per SF
    $44

    HighLights

    • Prime three‑story office building in downtown Newport, RI.
    • 10,850 total square feet.
    • Multiple tenancies available, ranging from 176 sq. ft. to 1,450 sq. ft.
    • Additional 4,000 sq. ft. of office space becoming available October.
    • Located near Bowen's Wharf.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.313880188741
    Latitude
    41.48615238245

    Nearby Comparable

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    Nearby Similar for Lease

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      Prime Newport location, 3,490 sq ft office/retail
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      Newport Warehouse Space For Lease

      12,000 SF Industrial Warehouse Space
      181 Bellevue Ave, Newport, RI 02840
      View Details
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      Newport Shipyard Office Suites

      Prime Newport Office Space Available
      1 Washington St, Newport, RI 02840
      View Details
    • $27 SF/Yr
      27,072 SF

      Admirals Gate Office Suites Newport

      Prime Newport Office Space, Multiple Sizes Available
      221 3Rd St, Newport, RI 02840
      View Details
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      Travers Block Office Suites in Newport

      Historic Newport Office Space Available
      174 Bellevue Ave, Newport, RI 02840
      View Details
    • Contact for pricing
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      Office Space in Newport

      Office space available for rent in Newport, Rhode Island.
      320 Thames St, Newport, RI 02840
      View Details

    FAQs

    What type of property is this?
    Office space - Prime Downtown Newport Location, Flexible Suites Available
    Where is this office space located?
    The property is located at 28 Pelham St Newport, RI.
    What is the lease rate?
    The lease rate is $16-$44 SF/Yr.
    What are key features of this property?
    This property features: Prime three-story office building in downtown Newport, RI.; 10,850 total square feet.; Multiple tenancies available, ranging from 176 sq. ft. to 1,450 sq. ft.
    Request Owner's contact information
    28 Pelham St Newport, RI 02840
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    Newport, RI 02840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28 Pelham St Newport, RI 02840
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