81 Sprague Street Portsmouth, RI $ 1,395,000
81 Sprague Street
$ 1,395,000
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81 Sprague Street

Portsmouth, RI, 02871
$ 1,395,000
Bedrooms-- Baths--

Monthly Estimate*

$ 8,589

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Commercial Property for sale in Portsmouth, RI

for $1,395,000. This building was built in 1975 on a lot size of 2.95.

Located in a highly desirable area of Portsmouth, 81 Sprague Street presents a rare and versatile opportunity for developers, investors, or end-users looking to create something special. Set in a prime location with convenient access to major roadways, local amenities, and the charm of coastal Rhode Island, this property offers exceptional potential across a variety of uses. Whether you envision a thoughtfully designed subdivision, a private single-family estate, or a boutique condominium development, the possibilities here are abundant. The property may also lend itself well to a place of worship, community gathering space, or an elegant event venue, making it a unique offering in today's market. Surrounded by established neighborhoods and just minutes from beaches, marinas, dining, and shopping, this location combines accessibility with the lifestyle appeal that makes Portsmouth so sought-after. Opportunities like this where flexibility, location, and potential intersect are increasingly rare.

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Commercial Active

Price

$ 1,395,000

Property Type

Commercial

Taxes

$ 9,061

Style

Lot Size

2.95

Year Built

1975

Town/City

Portsmouth

County/Region

Newport

MLS | Web ID

1406628

Features
General
Sewer Septic Tank
Heating Central Ductless
Cooling Central Air
Utilities Electricity Available Municipal Utilities Phone Available Water Connected
Possession Negotiable
Security Features Carbon Monoxide Detector(s) Fire Alarm Fire Sprinkler System Smoke Detector(s)
Construction Materials Frame Masonry
Year Built 1975
Electric Circuit Breakers
Stories Count 3
Levels Three Or More
Property Subtype Commercial
Tax Year 2024
Business Type Commercial Hospitality Mixed Recreation Residential Retail Florist/Nursery
Community Features Golf Highway Access Near Schools Public Transportation Recreation Area Restaurant Shopping
Business Name St Johns Lodge
County Newport
New Construction false
Property Type Commercial Sale
Possible Use Commercial Development Investment Mixed Use Nursery Office Place of Worship Residential Recreational Subdivision Single Family
Building Features Public Restrooms
Status Active
City Portsmouth
Number Of Units Total 0
Lot Size Units Square Feet
Lot Size Square Feet 128502
Number of Units Leased 0
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 9061.94
Virtual Tour https://tour.RiLiving.com/81-Sprague-Street-Portsmouth-RI-02871
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 687500
Tax Lot 27
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Interior
Basement Full
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Connected Public
Total Parking 40
Lot Size Area 128502
Number of Buildings 1
Building Area Total 0
Lot Size Acres 2.95
Road Surface Type Asphalt Paved
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* Excluded Features
List By
Serhant New England

Broker

DPG@Serhant.com

Email

Affordability Calculator

$9,344
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,589
Monthly Property Taxes
$755
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
3/18/2026$1,395,000 Listed Price

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81 Sprague Street, Portsmouth, RI, 02871 is a Commercial Property for sale at $1,395,000 with a lot size of 2.95. 81 Sprague Street was built in 1975. The property's zip code is 02871 which is in Portsmouth, RI