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$2,450,000 Just Listed
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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.
Full Property Details
Full Property Details for 0 Sheffield Ave
General
- Price: $2,450,000
- Taxes: $15,009 (2025)
- Status: Active
- Type: Commercial
- Source: STWMLS
- MLS ID: 1405368
- Updated: Today (2/26/2026)
- Added to Site: Today
Business
- Business Type: Residential
Additional Information
- Tennis: Yes
Parking
- Total Spaces: 15
Location
- County: Newport
- Subdivision: Van Zandt
Community
- Units Assoc/Comm: 2
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Window Unit(s), Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: Frame, Masonry
- Stories/Levels: 0
- Building Size: 27460
- Finished Total: 27,460 Sq. Ft.
- Finished Above Grnd: 27,460 Sq. Ft.
- Year Built: 1917
- Other Struct. Feat.: Public Restrooms
Lot Features
- Lot Size (Acres): 1.34
- Lot Size (Sq. Ft.): 58,370
- Lot Size: 58370
- Frontage: City Street, Asphalt, Paved
- Sidewalks: Yes
- Potential Use: Development, Industrial, Office, Residential, Single Family, Warehouse
Financial Considerations
- Tax Amount: $15,009
- Tax Year: 2025
- Owner Pays: All Utilities
Disclosures and Reports
- Documents Avail.: Aerial
- Inclusions: The property is being sold in "As Is" condition. The Seller shall not be obligated to perform any repairs, cleaning 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
- Property ID: 0SHEFFIELDAVNEWP
- Lot Number: 158
Listed by Gustave White Sotheby's Realty
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Schools
Schools serving 0 Sheffield Ave
School District:Newport School District, Newport, RI
| Name | Grades | Distance |
|---|---|---|
Pell Elementary School 35 Dexter Street, Newport, RI 02840 | PK-4 | 0.6 mi |
Frank E. Thompson Middle School 55 Broadway, Newport, RI 02840 | 5-8 | 0.7 mi |
Rogers High School 15 Wickham Road, Newport, RI 02840 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 0 Sheffield Ave
Date
Details
Price
Change
Source
2/26/2026
Listed
$2,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0 Sheffield Ave
0 Sheffield Avenue, Newport, RI 02840 (MLS# 1405368) is a Commercial property. 0 Sheffield Avenue is currently listed for $2,450,000 and was received on February 26, 2026. Want to learn more about 0 Sheffield Avenue? Do you have questions about finding other Commercial real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

