$1,995,000
About this home
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.
Property details
- MLS
- Rhode Island Association of REALTORS
- MLS #
- 1405368
- Property type
- Commercial
- Subdivision
- Van Zandt
- Status
- Active
- Days on market
- 229
- On market date
- February 26, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 15
- Lot size
- 1.34 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 744
- Student:teacher ratio
- 10.9:1
- District
- Newport
- Enrollment
- 565
- Student:teacher ratio
- 9.7:1
- District
- Newport
- Enrollment
- 620
- Student:teacher ratio
- 11.9:1
- District
- Middletown
Walkability
Blended score for Newport's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Newport, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 11 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.