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41 Pelham Street

Newport, RI 02840
  • $4,550,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 1308913
UPDATED: 94 min ago
$4,550,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1876
County:
Area:

School Ratings & Info

Description

A singular opportunity to own 2 contiguous properties, both zoned General Business, in the most desirable downtown district: Historic Hill. 41 Pelham Street & 199 Spring Street. Considering the zoning, substantial interior and exterior living spaces, private parking, and with a total of 12 bedrooms, 8.5 bathrooms, 7 ensuite, the offering presents multiple value-add scenarios, from transient guest facilities, boutique hotel, restaurant, and fine event destination, to condo conversion. A few steps from the front door will put you in the heart of Newport's world-renowned Harbor Front, one of the most vibrant and popular vacation destinations in the world, and considering the central location, the property provides a surprisingly peaceful setting with a private back yard and interior garden. 41 Pelham, with its Victorian-era mansard roof, stately bay windows, and veranda, stands in wonderful contrast to the colonial-era buildings around it. The main floor is flooded with natural light, and the second and third floors feature sweeping views of the harbor front, the tall ships at Bowens, and the iconic Trinity Church. 199 Spring is a charming colonial and features a chef's kitchen with French doors that open to a west facing deck and large back yard. With expansive interior living spaces, two kitchens, large bedroom count, private outdoor living spaces, and ample parking, this property is an underutilized asset, and a lucrative opportunity for either an investor or end-user.

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© 2022 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Nicholas Taylor Real Estate Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicholas Taylor Real Estate Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-05-28T23:38:59.833.
www.nicholastaylorre.com/homes/128223715
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41 Pelham Street Newport, RI 02840

  • Price: $4,550,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 94 min ago
  • MLS #: 1308913
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1876
Built
Neighborhood:
Historic Hill / Tourist District
County:
Newport
Area:
Newport
Property Description
A singular opportunity to own 2 contiguous properties, both zoned General Business, in the most desirable downtown district: Historic Hill. 41 Pelham Street & 199 Spring Street. Considering the zoning, substantial interior and exterior living spaces, private parking, and with a total of 12 bedrooms, 8.5 bathrooms, 7 ensuite, the offering presents multiple value-add scenarios, from transient guest facilities, boutique hotel, restaurant, and fine event destination, to condo conversion. A few steps from the front door will put you in the heart of Newport's world-renowned Harbor Front, one of the most vibrant and popular vacation destinations in the world, and considering the central location, the property provides a surprisingly peaceful setting with a private back yard and interior garden. 41 Pelham, with its Victorian-era mansard roof, stately bay windows, and veranda, stands in wonderful contrast to the colonial-era buildings around it. The main floor is flooded with natural light, and the second and third floors feature sweeping views of the harbor front, the tall ships at Bowens, and the iconic Trinity Church. 199 Spring is a charming colonial and features a chef's kitchen with French doors that open to a west facing deck and large back yard. With expansive interior living spaces, two kitchens, large bedroom count, private outdoor living spaces, and ample parking, this property is an underutilized asset, and a lucrative opportunity for either an investor or end-user.
Exterior Features

Architectural Style Victorian Construction Materials Frame Foundation Details Stone Frontage Length 110 Levels Three Or More Parking Total 8

Interior Features

Basement Full Basement YN Yes Cooling 1 Unit Heating Hot Water

Property Features

Business Type Restaurant Community Features GolfHighway AccessMarinaNear HospitalNear SchoolsPublic TransportationRecreation AreaShoppingTennis Court(S)High Traffic LocationSidewalks Electric 200+ Amp Service Land Lease YN No Listing Terms Assumable Possible Use Residential Property Sub Type Commercial Road Frontage Type City Street Sewer ConnectedPublic Sewer Tax Annual Amount 29394.39 Tax Assessed Value 2101100 Tax Lot 8 & 10 Tax Year 2022 Utilities Sewer Connected Water Source ConnectedPublic Zoning Gb

Listing information © 2022 State-Wide Multiple Listing Service.
Listing provided courtesy of Lila Delman Compass.





© 2022 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Nicholas Taylor Real Estate Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicholas Taylor Real Estate Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-05-28T23:38:59.833.
 
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Nicholas Taylor Real Estate Group
4372 Post Road, Suite 8
East Greenwich RI, 02818