Description
Presently being used as a commercial office building, 28 Pelham could be the next residential conversion right on Historic Hill. 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. Zoned General Business, the property also opens the door to a range of alternative uses — including residential conversion and transient guest facilities — subject to city approvals.
Opportunities like 28 Pelham, where location, flexibility, and income converge, rarely come to market in downtown Newport. Don’t let this one pass you by.
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