Technical
Financial
Distress signals
Property profile

130 Or 2 Newport, RI 02840

OFF-MARKET
Warehouses
Built 1849
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Year built 1849

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

130 Or 2 Newport, RI 02840
Newport metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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