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0 Sheffield Avenue

Newport, RI 02840
  • $2,450,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 1405368
$2,450,000
  • 0
    BEDS
  • 1.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 27,460
    SQFT
  • $89
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1917
County:
Area:

School Ratings & Info

Description

Development opportunity. Currently used for industrial/commercial purposes, this offering includes two abutting lots totaling 1.37 acres. The 0.93-acre Sheffield Ave lot features two structures totaling approximately 21,860 SF and 5,600 SF. The adjacent 0.41-acre Garfield Ave parcel is vacant. Both lots are zoned R10, with grandfathered industrial/commercial use on the Sheffield lot. Combining the parcels allows for the creation of five separate R10 lots for development, or the existing structures may be utilized to maximize potential residential unit count. Fantastic opportunity for a residential development near downtown, continue to utilize as a commercial use, or a mixture of both.

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[Rhode Island Statewide MLS] logo

© 2026 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 The Lavonne Lopes Group | Keller Williams Coastal 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 The Lavonne Lopes Group | Keller Williams Coastal. 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: 2026-04-16T23:37:43.277.
www.lavonnelopes.com/homes/173383635
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0 Sheffield Avenue Newport, RI 02840

  • Price: $2,450,000
  • Status: Active
  • On Site: 49 Days
  • MLS #: 1405368
0
Beds
0
Baths
0
½ Baths
1.34
Acres
27,460
SQFT
$89
$/SQFT
1917
Built
Neighborhood:
Van Zandt
County:
Newport
Area:
Newport
Property Description
Development opportunity. Currently used for industrial/commercial purposes, this offering includes two abutting lots totaling 1.37 acres. The 0.93-acre Sheffield Ave lot features two structures totaling approximately 21,860 SF and 5,600 SF. The adjacent 0.41-acre Garfield Ave parcel is vacant. Both lots are zoned R10, with grandfathered industrial/commercial use on the Sheffield lot. Combining the parcels allows for the creation of five separate R10 lots for development, or the existing structures may be utilized to maximize potential residential unit count. Fantastic opportunity for a residential development near downtown, continue to utilize as a commercial use, or a mixture of both.
Exterior Features

Construction Materials Frame Masonry Foundation Details Concrete Perimeter Parking Total 15

Interior Features

Building Features Public Restrooms Cooling Window Unit(s) Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Business Type Residential Community Features Marina Near Schools Pool Recreation Area Restaurant Shopping Tennis Court(s) Sidewalks Electric 200+ Amp Service Human Modified YN Yes Inclusions The property is being sold in " As Is" condition. The Seller shall not be obligated to perform any repairscleaning or removal of equipment or personal property prior to closing. The parties agree that the Seller intends to remove all desired items of equipment and personal property from the premises prior to closing. Anything remaining on the premises after closing shall be considered abandoned by the Seller and shall be the property of the Buyer. The Buyer acknowledges and agrees that it shall Land Lease YN No New Construction YN No Owner Pays All Utilities Possible Use Development Industrial Office Residential Single Family Warehouse Property Sub Type Commercial Road Frontage Type City Street Road Surface Type Asphalt Paved Sewer Connected Tax Annual Amount 15009 Tax Assessed Value 1394200 Tax Lot 158 Tax Year 2025 Utilities Sewer Connected Water Source Connected Zoning R10

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Gustave White Sotheby's Realty: 401-849-3000.



[Rhode Island Statewide MLS] logo

© 2026 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 The Lavonne Lopes Group | Keller Williams Coastal 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 The Lavonne Lopes Group | Keller Williams Coastal. 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: 2026-04-16T23:37:43.277.
 
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The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886