28 Weaver Avenue Newport, RI $ 3,100,000
28 Weaver Avenue
$ 3,100,000
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28 Weaver Avenue

Newport, RI, 02840
$ 3,100,000
Bedrooms-- Baths-- Sq 5,181

Monthly Estimate*

$ 19,087

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Commercial Property for sale in Newport, RI

for $3,100,000. This 5,181 square foot building was built in 1863.

Welcome to an exceptional Newport investment opportunity. This beautifully updated property features 12+ rooms, including 6 bedrooms and 8.5 baths, and holds the valuable City of Newport Transient Guest Facility Certificate. Each guest room includes its own private full bath, offering an ideal setup for high-quality guest stays. Recent upgrades include a full fire sprinkler and alarm system, new water/sewer and dedicated sprinkler lines, updated HVAC/mini-splits, new roof and decks, interior painting, many replaced windows, new flooring, and more truly a turnkey offering. Located in a prime walkable area, guests enjoy easy access to Bellevue Avenue, the Cliff Walk, the Tennis Hall of Fame, Thames Street dining and shops, beaches, historic mansions, and top attractions. The property has a strong history of unique bookings, including movie crews, wedding parties, family reunions, tennis enthusiasts, and NYC getaway groups. With 7 off-street parking spaces, the possibilities for continued revenue growth are endless. Newport attracts over 3.5 million visitors annually and is one of the East Coast's top wedding destinations. Its proximity to NYC, Boston, and Providence Airport ensures convenient year-round travel. With its active Newport license, this property can welcome daily guests throughout the year. Detailed financials available upon request. Showings coordinated with the listing agent.

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Commercial Active

Price

$ 3,100,000

Property Type

Commercial

Taxes

$ 18,869

Style

Year Built

1863

Town/City

Newport

County/Region

Newport

MLS | Web ID

1406499

Features
General
Sewer Connected Public Sewer
Cooling Central Air Ductless 1 Unit
Utilities Sewer Connected
Possession Negotiable
Security Features Fire Alarm Fire Escape Secured Garage/Parking Smoke Detector(s) Building Security Fire Sprinkler System Security Lights
Construction Materials Frame
Year Built 1863
Electric 200+ Amp Service
Property Subtype Commercial
Tax Year 2025
Business Type Hotel/Motel
Community Features Clubhouse Sidewalks
Building Name The Breakhouse
Business Name 28 Weaver LLC
County Newport
New Construction false
Property Type Commercial Sale
Possible Use Residential Recreational
Building Features Public Restrooms
Status Active
City Newport
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 5227
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 18869
Virtual Tour https://tour.RiLiving.com/28-Weaver-Avenue-Newport-RI-02840--1406499
Standard Status Active
Tax Assessed Value 1752000
Tax Lot 143
Ownership Type LLC
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Interior
Basement Full
Total Stories 0
Basement (Y/N) true
Air Conditioning Y/N true
Laundry Features Laundry Room
Total Baths 0
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Exterior
Total Parking 7
Lot Size Area 5227
Number of Buildings 1
Building Area Total 5181
Road Frontage Type City Street
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* Excluded Features
List By
Coldwell Banker Realty

Broker

gaye.barnett@cbmoves.com

Email

Affordability Calculator

$20,660
Per Month
92%
8%
0%
Monthly Principal & Interest
$19,087
Monthly Property Taxes
$1,572
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
3/19/2026$3,100,000 Listed Price

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28 Weaver Avenue, Newport, RI, 02840 is a Commercial Property for sale at $3,100,000 with 5,181 sqft. 28 Weaver Avenue was built in 1863. The property's zip code is 02840 which is in Newport, RI