105 Broadway - Newport - Vacation Guest Facility 0.33 Acres of Commercial Land Offered at $3,650,000 in Newport, RI 02840

An exceptionally rare development opportunity in the heart of downtown Newport. Located at 105 Broadway, this premier parcel sits in the General Business Zone and is being sold with approvals in place for a Vacation Guest Facility, a designation that is increasingly difficult to secure in today’s regulatory environment.
The offering includes city approvals, engineering plans and architectural designs, allowing a buyer to move forward with confidence. The approved project features 11 residential units across the second, third, and fourth floors, including nine (9) two-bedroom, two-and-a-half-bath units and two (2) one-bedroom, one-and-a-half-bath units, all designed to support high-quality short-term and vacation rentals. The ground level is planned for retail use, creating an ideal mixed-use asset that enhances both guest experience and long-term value. The property also includes 23 on-site parking spaces, a major advantage in downtown Newport.
This is a unique opportunity to develop and operate a professionally managed short-term rental or boutique vacation facility in one of the most supply constrained markets in New England. With new short-term rental approvals becoming increasingly rare, this project offers a clear path to scale in a market defined by strong seasonal demand, premium nightly rates, and limited competition.
The location is unmatched. Guests can step out the front door and be fully immersed in downtown Newport, surrounded by renowned restaurants, shops, marinas, and the waterfront, while enjoying walkable access to everything that makes the city a world-class destination. Whether held as a cash-flowing hospitality asset or positioned for long-term appreciation, 105 Broadway represents a true generational opportunity to build in the core of Newport’s most vibrant district.