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138 Spring St - 138 Spring Street Unit #1 580 SF Retail Condo Unit Offered at $485,000 in Newport, RI 02840
Executive Summary
138 Spring Street presents an exceptional opportunity in the heart of Newport’s Historic Hill neighborhood. Positioned along one of the city’s primary thoroughfares, this property benefits from prominent drive-by exposure and consistent pedestrian traffic, directly across from Trinity Church and Queen Anne Square. The interior has undergone a comprehensive renovation, showcasing modern finishes and improved functionality within a versatile two-level layout. Expansive windows enhance natural light throughout the space, complemented by updated hardwood floors and sleek lighting fixtures. Recent upgrades also include an all-new air conditioning system, renovated bathroom, and an efficient kitchenette outfitted with custom storage, microwave, refrigerator, and wine refrigerator. The property includes a rear workroom for added operational flexibility and has received an exterior refresh, ensuring curb appeal and readiness for immediate occupancy. Situated in proximity to restaurants, retail, and Newport’s vibrant cultural amenities, this building offers a unique opportunity for retail, gallery, or boutique use within a historically significant district.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Status | Under Contract |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
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 spring and summer seasons.
Sale Notes
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 storag
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 580 SF | Retail | $485,000 ($836.21/SF) | - |
Unit 1
| Unit Size |
| 580 SF |
| Condo Use |
| Retail |
| Price |
| $485,000 ($836.21/SF) |
| NOI |
| - |
1 of 2
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Map
Unit 1
| Unit Size | 580 SF |
| Condo Use | Retail |
| Price | $485,000 ($836.21/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
| 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 spring and summer seasons.</li></ul> | |
| Sale Notes | |
| 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 storag</li></ul> |
Property Facts Under Contract
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 580 SF | Typical Floor Size | 580 SF |
| Property Type | Retail (Condo) | Year Built | 1870 |
| Property Subtype | Storefront Retail/Office | Tenancy | Single |
| Building Class | C | Lot Size | 0.06 AC |
| Floors | 1 | ||
| Zoning | GB | ||
| Total Building Size | 580 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 580 SF |
| Year Built | 1870 |
| Tenancy | Single |
| Lot Size | 0.06 AC |
| Zoning | GB |
Amenities
- Corner Lot
- Signage
- Air Conditioning
Exceptionally walkable
90/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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138 Spring St - 138 Spring Street Unit #1
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