USARINewportWellingtonH3-H4-H5-551 Thames St
Listing image | Image 1

H3, H4, H5-551 Thames St, Newport, RI

House

For Sale

Listed price in listed location currency (USD).
$55,000,000

00208

MLS® 1415439

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 89653 sqft
Garage 
Taxes $175,859
Days Active 8
Lot Size 5.27 Acres
Approx. Age 1985
Avg. Price Per Sqft $613
MLS® Number 1415439

Property Address: h3-h4-h5-551 Thames St, Newport, RI, 02840-6709

Average square foot calculated using Size range provided by listing agent.

Description

Nestled in the corner of Newport Harbor, the Wellington Resort presents one of the city's most significant waterfront investment opportunities. Spanning 5.27 acres in an exceptional harborfront setting, the property combines premier coastal real estate with excellent redevelopment and value-enhancement potential. The unique positioning of the property offers panoramic views of the harbor, Goat Island, the Newport Bridge, and beyond. The location is just steps from Newport's renowned waterfront attractions further distinguishing this landmark asset. The resort currently features 52 spacious, two-bedroom suites each with water views spanning four buildings, complemented by a full suite of resort-style amenities, including indoor and outdoor swimming pools, tennis courts, a fitness center, and 208 on-site parking spaces. Adding to its unique appeal, Newport zoning approved a modification to the existing Special Use Permit, allowing the conversion of the current 52-unit transient guest facility into 152 one-bedroom hotel units. This entitlement creates a rare opportunity to significantly increase density and unlock future development potential in one of Newport's most coveted waterfront locations.
MLS® Number1415439
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1985
BasementNone
Driveway
Garage Spaces
Heat
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 15, 2026List Date
$55,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
551 Thames St, Newport, RI

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