0 Sheffield Avenue Newport, RI $ 2,450,000
0 Sheffield Avenue
$ 2,450,000
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0 Sheffield Avenue

Newport, RI, 02840
$ 2,450,000
Bedrooms-- Baths-- Sq 27,460

Monthly Estimate*

$ 15,085

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Commercial Property for sale in Newport, RI

for $2,450,000. This 27,460 square foot building was built in 1917 on a lot size of 1.34.

Development opportunity. Currently used for industrial/commercial purposes, this offering includes two abutting lots totaling 1.37 acres. The 0.93-acre Sheffield Ave lot features two structures totaling approximately 21,860 SF and 5,600 SF. The adjacent 0.41-acre Garfield Ave parcel is vacant. Both lots are zoned R10, with grandfathered industrial/commercial use on the Sheffield lot. Combining the parcels allows for the creation of five separate R10 lots for development, or the existing structures may be utilized to maximize potential residential unit count. Fantastic opportunity for a residential development near downtown, continue to utilize as a commercial use, or a mixture of both.

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Commercial Active

Price

$ 2,450,000

Property Type

Commercial

Taxes

$ 15,009

Style

Lot Size

1.34

Year Built

1917

Town/City

Newport

County/Region

Newport

MLS | Web ID

1405368

List By
Gustave White Sotheby's Realty

Broker

msweeney@gustavewhite.com

Email

Affordability Calculator

$16,336
Per Month
92%
8%
0%
Monthly Principal & Interest
$15,085
Monthly Property Taxes
$1,251
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
2/26/2026$2,450,000 Listed Price

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0 Sheffield Avenue, Newport, RI, 02840 is a Commercial Property for sale at $2,450,000 with 27,460 sqft and a lot size of 1.34. 0 Sheffield Avenue was built in 1917. The property's zip code is 02840 which is in Newport, RI