Active

312 Broadway

Newport RI, 02840

$2,850,000


$452.09 per sqft

Active

6,304 sqft

Commercial

Built in 1966

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.

1321953

MLS ID

October 12, 2022

Listed

February 16, 2024

Updated

Map

312 Broadway
Newport RI, 02840

Interior Features

Total Stories

3


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard, Forced Air, Gas, Hot Water

Exterior/Building Features

Lot Size

0.24 Acres


Sewer

Connected, Public Sewer, Storm Sewer

Other Property Details

Taxes

$17,317


Tax Frequency

Annually


Days on Market

323


Garage

No


Parking Total

12


View

No


County

Newport


Water Source

Connected, Public


Pool

No


Zoning

LB


Buyer Agency Compensation

2.5% NS

 

Courtesy of Lila Delman Compass

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Coldwell Banker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2024 State-Wide MLS, Inc. All rights reserved.

Data last updated 5:33 AM UTC, 2/16/2024.

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