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    1 Washington St Newport, RI 02840

    For Lease
    $58 SF/Yr

    Prime Newport Office Space Available

    Lot size:
    348 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional opportunity presents two first-floor office spaces for lease within the prestigious Newport Shipyard, located at 1 Washington St, Newport, RI 02840. Each suite offers a unique blend of functionality and convenience, ranging in size from 128 to 220 square feet. Ideal for marine-related businesses, these spaces provide a vibrant and collaborative environment surrounded by like-minded professionals. The location offers unparalleled access to the bustling shipyard activity and its associated businesses. Tenants benefit from exterior signage opportunities and prominent placement on the Safe Harbor Newport Shipyard website, enhancing visibility and brand recognition. Access to the marina gym and showers is included, adding to the overall convenience and appeal. All utilities are included in the lease, excluding Wi-Fi. This is a rare chance to establish a presence in a thriving maritime hub, offering a professional and well-connected workspace. The traditional office spaces are perfect for a variety of uses, from yacht brokers and management companies to builders, detailers, crew placement agencies, insurance brokers, or accounting specialists. Don't miss this chance to secure your space in this sought-after location.

    Property Features for 1 Washington St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    348 SF

    Unit(s) available at that property

    Space
    Single Office 1
    Size
    220 SF
    Rate per SF
    $58
    Space
    Single Office 2
    Size
    128 SF
    Rate per SF
    $58

    HighLights

    • Two first‑floor office suites available for lease at 1 Washington St, Newport, RI.
    • Suite sizes range from 128 to 220 square feet.
    • Ideal for marine‑related businesses in a vibrant, collaborative environment.
    • Prominent location within the Newport Shipyard with exterior signage and website placement.
    • Access to marina gym and showers included; utilities included (excluding Wi‑Fi).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.3207195
    Latitude
    41.4899576

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Newport Office Space Available
    Where is this office property / space located?
    The property is located at 1 Washington St Newport, RI.
    What is the lease rate?
    The lease rate is $58 SF/Yr.
    What are key features of this property?
    This property features: Two first-floor office suites available for lease at 1 Washington St, Newport, RI.; Suite sizes range from 128 to 220 square feet.; Ideal for marine-related businesses in a vibrant, collaborative environment.
    Request Owner's contact information
    1 Washington St 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
    1 Washington St Newport, RI 02840
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