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138 Spring Street , #1

Newport, RI 02840
  • $485,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 1418048
$485,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

This unbeatable retail opportunity is perfectly positioned directly across from Trinity Church and Queen Anne Square on Spring Street, one of Newport's primary thoroughfares. Boasting exceptional drive-by exposure and high foot traffic, the two-level space has been transformed by a comprehensive interior renovation. Large windows flood the floor plan with natural light, highlighting newly redone floors, updated light fixtures, and a brand-new air conditioning systems. The space is now fully equipped for modern operations with an updated bathroom and the addition of a sleek kitchenette featuring a refrigerator, wine refrigerator, microwave, sink, and custom adjustable storage. Complemented by a rear storage/workroom and a recent exterior refresh, this turnkey property is ready for immediate occupancy, allowing you to hit the ground running just in time for the lucrative summer and fall seasons.

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[Rhode Island Statewide MLS] logo

© 2026 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 John Krekorian | Flagship Forbes Global 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 John Krekorian | Flagship Forbes Global 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: 2026-08-12T23:37:55.17.
www.krekorianteam.com/homes/178890683
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138 Spring Street , #1 Newport, RI 02840

  • Price: $485,000
  • Status: Active
  • On Site: 27 Days
  • MLS #: 1418048
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
County:
Newport
Area:
Newport
Property Description
This unbeatable retail opportunity is perfectly positioned directly across from Trinity Church and Queen Anne Square on Spring Street, one of Newport's primary thoroughfares. Boasting exceptional drive-by exposure and high foot traffic, the two-level space has been transformed by a comprehensive interior renovation. Large windows flood the floor plan with natural light, highlighting newly redone floors, updated light fixtures, and a brand-new air conditioning systems. The space is now fully equipped for modern operations with an updated bathroom and the addition of a sleek kitchenette featuring a refrigerator, wine refrigerator, microwave, sink, and custom adjustable storage. Complemented by a rear storage/workroom and a recent exterior refresh, this turnkey property is ready for immediate occupancy, allowing you to hit the ground running just in time for the lucrative summer and fall seasons.
Exterior Features

Foundation Details Combination Levels One Two Lot Features Historic District Parking Total 0

Interior Features

Basement Full Basement YN Yes Cooling 1 Unit Wall Unit(s) Cooling YN Yes Heating Gas

Property Features

Association Fee 126 Association Fee Frequency Monthly Business Type Accounting Arts and Entertainment Administrative and Support Animal Grooming Advertising Barber / Beauty Books / Cards / Stationary Clothing Financial Furniture Gift Shop Hobby Jewelry Locksmith Professional / Office Professional Service Real Estate Retail Travel Community Features Marina Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping Tennis Court(s) Sidewalks Electric 100 Amp Service Circuit Breakers Separate Meters Human Modified YN No Inclusions Association fees paid in six month increments. Land Lease YN No New Construction YN No Possible Use Office Retail Property Sub Type Commercial Road Frontage Type City Street Security Features Fire Alarm Smoke Detector(s) Fire Sprinkler System Sewer Connected Public Sewer Tax Annual Amount 2199.66 Tax Assessed Value 202100 Tax Lot 363-1 Tax Year 2026 Utilities Natural Gas Connected Sewer Connected Water Source Connected Multiple Meters Public Zoning GB

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Lila Delman Compass: 401-338-3771.



[Rhode Island Statewide MLS] logo

© 2026 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 John Krekorian | Flagship Forbes Global 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 John Krekorian | Flagship Forbes Global 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: 2026-08-12T23:37:55.17.
 
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John Krekorian | Flagship Forbes Global Properties
28 Caswell Street
Narragansett RI, 02882