Sheffield Ave, Newport, RI

$2,450,000

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27,460

Square feet

1.34

Acres

About Sheffield Ave

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.

Pricing and availability subject to change.

Features of Sheffield Ave

MLS® # 1405368
Price $2,450,000
Square Footage 27,460
Square Footage 58370
Acres 1.34
Year Built 1917
Type Commercial Sale
Sub-Type Commercial
Status Active

Community Information

Address Sheffield Ave
Subdivision Van Zandt
City Newport
County Newport
State RI
Zip Code 02840

Amenities

Utilities Sewer Connected
Parking Spaces 15
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling Window Unit(s), Central Air
Fireplace No
Has Basement No

Exterior

Exterior Frame, Masonry
Construction Frame, Masonry
Foundation Concrete Perimeter

Additional Information

Date Listed February 26th, 2026
Days on Market 15
Zoning R10
Short Sale No
RE / Bank Owned No

Listing Map

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