$1,585,000
$1,595,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
2,728 SqFt
SOLD DATE : 08/26/2022
Key Details
Sold Price $1,585,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,728 sqft
Price per Sqft $581
Subdivision Downtown Lower Thames
MLS Listing ID 1308521
Sold Date 08/26/22
HOA Y/N No
Abv Grd Liv Area 2,728
Year Built 1900
Annual Tax Amount $8,812
Tax Year 2021
Lot Size 1,855 Sqft
Property Description
Waterfront Business Zoned mixed use building available for the first time in 24 years! Located in vibrant Lower Thames downtown Newport on a corner site in the midst of the hustle bustle and within a short stroll to Newport Harbor, the waterfront business zone allows for many uses and investment opportunities. This well-maintained building is comprised of a first-floor restaurant and a beautiful and spacious owner occupied second/third floor 3 bedroom (2 are ensuite) apartment. Two prime off-street parking spaces. A new exhaust system for the restaurant was installed in 2020. Patrons of the restaurant enjoy a cozy outdoor seating area. New windows in 2019 and new roof in 2020. Superb location, high visibility and endless possibilities!
Location
State RI
County Newport
Community Downtown Lower Thames
Zoning WB
Rooms
Basement Full
Interior
Heating Baseboard, Zoned
Cooling Ductless, Window Unit(s)
Furnishings Unfurnished
Laundry In Unit
Exterior
Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected
Amenities Available Restaurant
Total Parking Spaces 2
Building
Lot Description Corner Lot
Building Description Other, Public Restrooms
Story 3
Foundation Stone
Sewer Connected, Sanitary
Water Public
Level or Stories 3
Structure Type Other
New Construction No
Others
Tax ID 515THAMESSTNEWP
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Financing Cash
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Bought with Gustave White Sotheby's Realty
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