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21 Spring St 750 SF of Office Space Available in Newport, RI 02840
Sublease Highlights
- Located within steps of restaurants, retail corridors, and Newport Harbor.
- Positioned in Newport’s General Business zone, enhancing long-term versatility and appeal.
- Strong rental history creates immediate income-producing advantages for investors.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 750 SF | Negotiable | $53.16 CAD/SF/YR $4.43 CAD/SF/MO $39,868 CAD/YR $3,322 CAD/MO | Plus All Utilities |
1st Floor
- Sublease space available from current tenant
- Listed lease rate plus proportional share of utilities
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 2 - 6 People
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 750 SF | Gross Leasable Area | 2,031 SF |
| Property Type | Retail | Year Built | 1860 |
| Property Subtype | Storefront |
| Total Space Available | 750 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 2,031 SF |
| Year Built | 1860 |
About the Property
This distinct mixed-use property is positioned in the heart of downtown Newport within the General Business zone, offering a rare combination of office and residential components. Just steps from Broadway’s dining and retail options and minutes to Newport Harbor and Washington Square, the asset blends historic character with income-producing potential. The first floor features an open-concept office space infused with period detail and abundant natural light, complemented by a private bath and kitchenette. Above the office, two residential units enjoy access via a shared deck that overlooks the adjacent historic garden, ensuring privacy and charm. The property’s flexible layout and strong rental history make this an attractive turnkey investment with options for reconfiguration or owner occupancy. Located on a walkable corner lot, the address provides convenient proximity to local amenities and major attractions in Newport’s thriving business district.
Nearby Major Retailers
Presented by
Law Frim
21 Spring St
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