130 Spring St Newport, RI 02840
This exceptional Newport, Rhode Island commercial property at 130 Spring Street, Units 1 & 2, presents a rare leasing opportunity. Located in a vibrant area, this single-tenant space offers 2,100 square feet within a three-story building constructed in 1849. The property boasts a 7,405 square foot lot and benefits from its prominent Spring Street address, offering high visibility and foot traffic. Previously occupied for nearly 30 years by a jeweler, the space is adaptable to a variety of uses, including retail, office (traditional, executive, or creative), warehouse, or salon/barbershop, among others. The zoning is GB. The building includes one parking space. This unique opportunity is available for a long-term lease with a minimum two-year commitment. The property's rich history and prime location combine to create an exceptional investment prospect. Contact us to schedule a viewing and explore the possibilities.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.