130 Or 2 Newport, RI 02840
Two commercial spaces totaling approximately 2,100 square feet are available for lease in a historic Newport building (built 1849) at 130 Spring Street. Each unit offers unique opportunities, with one space around 1,200 square feet and the other approximately 900 square feet. Located on Spring Street, this property benefits from high street traffic and historic charm. The spaces previously served as a workshop and showroom, offering versatility for various commercial uses. A minimum two-year lease is required. The property sits on a 7,405 square foot lot and is housed within a three-story building. This mixed-use property offers a rare opportunity to lease commercial space in a prime Newport location, available for the first time in 27 years. Individual units can be leased separately for $1,500 per month, or both units can be leased together. Inquire for details and scheduling a viewing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.