Address
312 Broadway, Newport, RI
Price
$ 2,850,000
Property Attributes
- MLS#1321953
- TypeCommercial
- CountyNEWPORT
- CityNewport
- NeighborhoodBroadway & Bliss
- Zip02840
- StyleCommercial
- Year Built1966
- Taxes$ 17317
- Price$ 2,850,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6304
- Lot Size10,454 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property 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.
| Price History | |
|---|---|
| 10/12/2022 | Listed $2,850,000 |
General Features
| Sewer | Connected,PublicSewer,StormSewer |
|---|---|
| Heating | Baseboard,ForcedAir,Gas,HotWater |
| Cooling | None |
| Utilities | ElectricityAvailable,NaturalGasConnected,MunicipalUtilities,WaterConnected,SewerConnected |
| Possession | Immediately,Negotiable |
| Zoning | LB |
| Security Features | CarbonMonoxideDetectors,FireAlarm,FireEscape,SmokeDetectors,FireSprinklerSystem |
| Year Built | 1966 |
| Electric | Item200AmpService,CircuitBreakers |
| Tenant Pays | CableTV,Electricity,Gas,Heat,HotWater,Telephone |
| Stories | 3 |
| Levels | ThreeOrMore |
| Property SubType | Commercial |
| Tax Year | 2022 |
| OwnerPays | CommonAreaMaintenance,Electricity,Insurance,Sewer,Taxes,TrashCollection,Water |
| Business Type | Mixed,Retail |
| Community Features | Marina,NearHospital,NearSchools,PublicTransportation,Shopping,TennisCourts,StreetLights,Sidewalks |
| County | Newport |
| Insurance Expense | 650.0 |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Broadway & Bliss |
| Possible Use | Commercial,MixedUse |
| Garage Y/N | No |
| Status | Active |
| City | Newport |
| Buyer Agent Compensation | 2.5% NS |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 2 |
| Lot Size Square Feet | 10536.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Number of Units Leased | 12 |
| Street Name | Broadway |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 17317.0 |
| Electric Expense | 65.0 |
| Home Warranty Y/N | No |
| Fuel Expense | 0.0 |
| Water Sewer Expense | 800.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Rent Control Y/N | No |
| Days on Market | 323 |
| Structure Type | MultiFamily |
| Lease Type | Gross |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Tax Assessed Value | 1201800 |
| Tax Lot | 152 |
| Ownership Type | SoleProprietor |
| Cap Rate | 4.0 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | Full |
|---|---|
| Furnished Y/N | Unfurnished |
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 6304.0 |
| Electric On Property Y/N | No |
Exterior Features
| Water Source | Connected,Public |
|---|---|
| Total Parking | 12.0 |
| Lot Size Area | 10536.0 |
| Foundation Details | ConcretePerimeter |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 6304.0 |
| Lot Size Acres | 0.24 |
| Road Surface Type | Asphalt,Paved |
| Frontage Length | 85 |
| Lot Size Units | SquareFeet |
| Road Frontage Type | CityStreet |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02840
Price
Taxes
Visits
Year Built
Walkscore
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