$2,850,000
312 Broadway, Newport, RI 02840
0 Beds
0 Baths
6,304 SqFt

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Centrally Located on Broadway. Currently a 100% occupied and has three commercial retail units & eight residential apartments. The building has (3) one bedrooms, (2) three bedrooms, (2) four bedrooms and (1) studio apartment. Rental rates are under market value. Income & Expense figures are based on monthly income & expenses. Updated commercial fire alarm & sprinkler system. All utilities are separate and paid by the Tenants except the city water & sewer. Twelve Off Street Parking Spaces. Recently replaced siding on east side of building. Ideal for a condo conversion.
  • Price:
  • $2,850,000
  • Square Footage:
  • 6,304
  • Acreage:
  • 0.24
  • Year Built:
  • 1966
  • Listing ID #:
  • 1321953
  • Street Address:
  • 312 Broadway
  • City:
  • Newport
  • State:
  • Rhode Island
  • Postal Code:
  • 02840
  • County:
  • Newport
  • Subdivision:
  • Broadway & Bliss
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Basement Description:
  • Full
  • Building Security:
  • Carbon Monoxide Detector(s), Fire Alarm, Fire Escape, Smoke Detector(s), Fire Sprinkler System
  • Dwelling Type:
  • Multi Family
  • Finished Above Ground Square Footage:
  • 6304
  • Foundation:
  • Concrete Perimeter
  • Furnished:
  • Unfurnished
  • Has Basement:
  • 1
  • Number Of Units:
  • 2
  • Stories:
  • 3
  • Stories:
  • 3
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 6304
  • Year Built:
  • 1966
  • Annual Electric Expenses:
  • 65
  • Annual Insurance Expenses:
  • 650
  • Annual Water/Sewer Expenses:
  • 800
  • Business Type:
  • Mixed, Retail
  • Year Established:
  • 2016
  • Conforms To Zoning:
  • Lb
  • Lot Square Footage:
  • 10536
  • Road Frontage Type:
  • City Street
  • Road Type:
  • Asphalt, Paved
  • Suitable Use:
  • Commercial, Multi-Family, Mixed Use, Residential, Retail
  • Community Features:
  • Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Street Lights, Sidewalks
  • Days On Market:
  • 106
  • On Market Date:
  • 2022-10-12
  • Originating Mls:
  • Ris
  • Title Type:
  • Sole Proprietor
  • Owner Pays:
  • Common Area Maintenance, Electricity, Insurance, Sewer, Taxes, Trash Collection, Water
  • Property Taxes:
  • $17,317
  • Tax Year:
  • 2022
  • Tenant Pays:
  • Cable Tv, Electricity, Gas, Heat, Hot Water, Telephone
  • Parking Spaces:
  • 12
  • Electricity:
  • 200+ Amp Service, Circuit Breakers
  • Existing Water:
  • Connected, Public
  • Heating:
  • Baseboard, Forced Air, Gas, Hot Water
  • Sewage Type:
  • Connected, Public Sewer, Storm Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: David Lawrence with Lila Delman Compass
  • Statewide MLS SWMLS

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