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28 Pelham St 10,500 SF 98% Leased Office Building Newport, RI 02840 $2,200,000 ($209.52/SF)
Executive Summary
Currently operating as a multi-tenant office building with 16 individual tenants on yearly leases, the property generates consistent income from day one. Its well-laid-out floor plans across three full stories make it equally compelling for an owner-occupant seeking a signature headquarters, a developer with an eye toward adaptive reuse, or an investor looking to hold a stabilized asset in a high-demand location. Zoned General Business, the property also opens the door to a range of alternative uses — including residential conversion and transient guest facilities — subject to city approvals.
Opportunities like 28 Pelham, where location, flexibility, and income converge, rarely come to market in downtown Newport. Don't let this one pass you by.
Property Facts
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- SBL Holdings
- Finance and Insurance
- -
- -
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| SBL Holdings | Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Discover a prime opportunity at 28 Pelham Street in downtown Newport. This three-story commercial building offers an exceptional third-floor office suite for lease, featuring a kitchenette, skylight, and stunning ocean views. Located steps from Bowen's Wharf, the property combines historic Newport charm with a vibrant business district setting. The flexible space suits businesses of all sizes, from individual professionals to growing companies. Secure your place at one of Newport's most desirable commercial addresses, where coastal beauty meets professional excellence.
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 302 | 180 SF | Office | - | Now |
3rd Fl-Ste 302
| Size |
| 180 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 302
| Size | 180 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Discover a prime opportunity at 28 Pelham Street in downtown Newport. This three-story commercial building offers an exceptional third-floor office suite for lease, featuring a kitchenette, skylight, and stunning ocean views. Located steps from Bowen's Wharf, the property combines historic Newport charm with a vibrant business district setting. The flexible space suits businesses of all sizes, from individual professionals to growing companies. Secure your place at one of Newport's most desirable commercial addresses, where coastal beauty meets professional excellence.
Property Taxes
| Parcel Number | NEWP-000024-000000-000257 | Improvements Assessment | $827,000 |
| Land Assessment | $421,200 | Total Assessment | $1,248,200 |
Property Taxes
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28 Pelham St
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