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312 Broadway, Newport RI 02840, Newport, Commercial/Business

$ 2,850,000
312 Broadway, Newport RI 02840, ,
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Overview

  • Updated On:
  • October 11, 2023

Description

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.

Address: 312 Broadway, Newport RI 02840
City:
State/County:
Zip: 02840
Country: US
Open In Google Maps
Property Id : 54717
Price: $ 2,850,000
Property Lot Size: 0 ft2
Basement: Full
Bridge Modification Timestamp: 2023-09-01T01:33:25.736Z
Building Area Total: 6304
Building Features: Sprinklers
Business Type: Mixed,Residential,Retail
Cap Rate: 4
Community Features: Bus,Commuter Bus,Hospital,Marina,Private School,Public School,Schools,Shopping,Pool,Tennis
Contract Status Change Date: 2022-10-12
Cooling: None
Door Features: Loading Door: None
Electric: 200 Amps,Circuit Breakers,Individual Meter
Electric Expense: 65
Existing Lease Type: Gross
Foundation Area: 3080
Foundation Details: Concrete Perimeter
Frontage Length: 85
Fuel Expense: 0
Furnished: Unfurnished
Gas: Connected
Heating: Baseboard,Forced Air,Forced Water,Gas Connected
Insurance Expense: 650
Laundry Features: Off Site
Lease Assignable Y/N: 1
Lease Considered Y/N: 1
List Agent Direct Phone: 401-339-1010
List Agent Email: dave.lawrence@liladelman.com
List Agent Full Name: David Lawrence
Listing Contract Date: 2022-10-12
Listing Id: 1321953
Living Area Units: Square Feet
Lot Features: Paved,Downtown
Lot Size Area: 10536
Lot Size Square Feet: 10536
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2023-09-01T01:32:55.440Z
Number Of Buildings: 1
Number of Units in Community: 11
Number of Units Total: 2
Occupant Type: Tenant
Original Entry Timestamp: 2022-10-12T20:58:23.557Z
Original List Price: 2850000
Owner Pays: Common Area Maintenance,Electric,Insurance,Sewer,Taxes,Trash Services,Water
Ownership Type: Sole Proprietor
Parking Total: 12
Possible Use: Commercial,Mixed Use,Mixed Use
Road Frontage Type: Municipal,Sidewalks
Road Surface Type: Blacktop
Security Features: Carbon Monoxide Detector(s),Fire Alarm,Fire Escape,Fire Sprinkler System,Smoke Detector(s)
Sewer: Connected,Public Sewer
State or Province: RI
Status Change Timestamp: 2022-10-12T20:58:23.557Z
Stories: 3
Stories Total: 3
Street Additional Info: 318
Street Name: Broadway
Street Number: 312
Structure Type: Multi Family,Livable
Tax Annual Amount: 17317
Tax Year: 2022
Utilities: Electricity Connected,Natural Gas Connected,Municipal Water,Storm Sewer,Street Lights
Water Source: Connected,Municipal
Year Built: 1966
Year Established: 2016
Years Current Owner: 6
Zoning: LB
Other Features
Ceiling Height: 7-9 Ft
Electrical Utility Available
Has Heating System
$ 11,050.01
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 11,050.01

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