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491 Thames Street

Newport, RI 02840
  • $4,250,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 1342928
UPDATED: 11 min ago
$4,250,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,400
    SQFT
  • $787
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1840
County:
Area:

School Ratings & Info

Description

Located just steps from our world-famous Harbor, this exceptional property operates as a high cash flow, established business consisting of three completely renovated guesthouse suites and premium commercial space. The two single-bedroom suites, and three-bedroom penthouse include decks offering beautiful harbor sunset views. All of the suites have been newly furnished and contain the highest quality fixtures. Parking, a rarity in Newport, is also provided. Located in a Waterfront Business Zone, two 900 square foot, high quality retail spaces on the ground floor bring additional income. The guesthouse has successfully operated for over one year with consistently high guest ratings and consecutive Superhost status on AirBnB. Confirmed bookings through 2023. This is a turn-key, fully licensed operation that is very easy to manage. All furniture, fixtures and equipment are included in sale. No further investment needed.

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[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group | RE/MAX Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group | RE/MAX Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-09-22T08:37:38.703.
www.martonegroup.com/homes/142965241
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491 Thames Street Newport, RI 02840

  • Price: $4,250,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 11 min ago
  • MLS #: 1342928
0
Beds
0
Baths
0
½ Baths
0.06
Acres
5,400
SQFT
$787
$/SQFT
1840
Built
Neighborhood:
Lower Thames Street
County:
Newport
Area:
Newport
Property Description
Located just steps from our world-famous Harbor, this exceptional property operates as a high cash flow, established business consisting of three completely renovated guesthouse suites and premium commercial space. The two single-bedroom suites, and three-bedroom penthouse include decks offering beautiful harbor sunset views. All of the suites have been newly furnished and contain the highest quality fixtures. Parking, a rarity in Newport, is also provided. Located in a Waterfront Business Zone, two 900 square foot, high quality retail spaces on the ground floor bring additional income. The guesthouse has successfully operated for over one year with consistently high guest ratings and consecutive Superhost status on AirBnB. Confirmed bookings through 2023. This is a turn-key, fully licensed operation that is very easy to manage. All furniture, fixtures and equipment are included in sale. No further investment needed.
Exterior Features

Construction Materials Frame Foundation Details ConcreteperimeterStone Levels Threeormore Lot Features Cornerlot Parking Total 3 View Water View YN Yes

Interior Features

Basement Full Basement YN Yes Heating BaseboardHotwaterZoned Heating YN Yes

Property Features

Association Fee 0 Business Type Realestate Community Features GolfHighwayaccessMarinaNearhospitalNearschoolsOtherPublictransportationRecreationareaRestaurantShoppingSeeremarksTenniscourtsWaterfrontHightrafficlocationStreetlights Electric Item3PhaseItem200AmpService Human Modified YN No Land Lease YN No Laundry Features CommonareaLaundryroom New Construction YN No Owner Pays CabletvElectricityHeatHotwaterInsuranceJanitorialserviceManagementRepairsSnowremovalWater Possible Use Mixeduse Property Sub Type Commercial Road Frontage Type Citystreet Road Surface Type Concrete Security Features CarbonmonoxidedetectorsFirealarmFirewallsSecuredgarageparkingKeycardentrySmokedetectors Sewer Connected Tax Annual Amount 12116 Tax Assessed Value 866100 Tax Lot 159 Tax Year 2023 Tenant Pays Electricity Utilities ElectricityavailableNaturalgasavailableNaturalgasconnectedMunicipalutilitiesWaterconnectedSewerconnected Water Source Public Zoning Wb

[Rhode Island Statewide MLS] logo Listing information © 2023 State-Wide Multiple Listing Service.
Listing provided courtesy of Hogan Associates Christie's: 401-862-2741.



[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group | RE/MAX Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group | RE/MAX Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-09-22T08:37:38.703.
 
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Smithfield RI, 02917