Hospitality Property for Sale, 81 Sprague Street, Portsmouth, Rhode Island 02871

Located in a highly desirable area of Portsmouth, 81 Sprague Street presents a rare and versatile opportunity for developers, investors, or end-users looking to create something special. The current building offers 7200 square ft over 3 levels situated on a 2.95 acre lot. Set in a prime location with convenient access to major roadways, local amenities, and the charm of coastal Rhode Island, this property offers exceptional potential across a variety of uses. Whether you envision a thoughtfully designed subdivision, a private single-family estate, or a boutique condominium development, the possibilities here are abundant. The property may also lend itself well to a place of worship, community gathering space, or an elegant event venue, making it a unique offering in today’s market. Surrounded by established neighborhoods and just minutes from beaches, marinas, dining, and shopping, this location combines accessibility with the lifestyle appeal that makes Portsmouth so sought-after. Opportunities like this—where flexibility, location, and potential intersect—are increasingly rare.