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Newport, RI Resorts for Sale

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Harborfront Resort with Redevelopment Entitlement
Updated: Jun 15
Harborfront Resort with Redevelopment Entitlement

551 Thames Street, Newport, RI 02840

$49,900,000
89,653 sqft 5.27 AC lot
5.27‑acre waterfront resort at 551 Thames Street, Newport, RI 02840
89,653 SF hospitality property built in 1985
52 two‑bedroom suites across four buildings, each with water views
Approved conversion from 52 transient units to 152 one‑bedroom hotel units
Indoor and outdoor swimming pools, tennis courts, and fitness center
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Newport, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Beachfront Apartment Buildings
Beachfront Apartment Buildings

706 Shore Road, Truro, MA 02666

$22,999,000
4,516 sqft 2.30 AC lot

Two acquisition configurations offer condominium units across a beachfront campus with renovated structures and additional redevelopment potential subject to approvals.

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Beachfront Resort Redevelopment Property
Beachfront Resort Redevelopment Property

706-706 Shore Rd, Truro, MA

$22,999,000
20,285 sqft 2.30 AC lot

Established condominium structure with rebuilt and renovated units, plus redevelopment options subject to required approvals.

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Historic Commercial Land
Historic Commercial Land

1405-1445 Boston Post Road, Old Saybrook, CT 06475

$12,000,000
20.21 AC lot

B-4-zoned commercial acreage with open meadows, mature trees, stone walls, and a historic house.

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Historic Hospitality and Development Site
Historic Hospitality and Development Site

1405-1445 Boston Post Rd, Old Saybrook, CT 06475

$12,000,000
20.21 AC lot

Zoned B-4 Commercial, this 20.21-acre property includes the Elisha Bushnell House and open meadows for hospitality and related uses.

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Newport, RI Resorts Market Trends and Statistics

Explore 1 resorts for sale in Newport, RI on our real estate platform. These investment opportunities span a total of 89,653 square feet of properties for sale, with an estimated market value of $49,900,000.

Sale prices for resorts in Newport, RI average $49,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Bed & breakfasts 5
Hotels 2
Resorts 2

Demographics Overview

Population 25K
Population Growth (5Y) -5.8%
Median Household Income $83,515
College Educated 81.9%

Taxes & Financing

Tax Rate (average for all types) 1.47%
Property Tax per SF $6.96 per SF
Tax Rate vs County Average 0.18 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Newport County

New Delisted

Total CRE Inventory on Market (SF)

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