28 Pelham Street Newport

The Property

Whether you’re searching for an occupied investment property, envisioning a residential conversion, or dreaming up Newport’s next boutique hotel, 28 Pelham Street deserves your attention. Ideally situated in the heart of historic downtown Newport — just one block from the iconic Bowens Wharf and Thames Street — this three-story, 10,800 square foot building with a full basement offers rare versatility in one of New England’s most coveted coastal markets.

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.

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