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
