18 Sheffield Ave - Flex FOR SALE


Newport, RI 02840
$2,100,000 USD
401-324-0048
18 Sheffield Ave, Newport, RI for Sale
$2,100,000 USD
Flex - FOR SALE
1/9
null | Request Cap Rate

18 Sheffield Ave
Newport, RI 02840


OVERVIEW

Stunning mixed-use property offering the best of both worlds - a spacious 5-bedroom, 2.5-bathroom residential unit coupled with a generous 2,625 SqFt of commercial space on the first floor. This 5,975 SqFt building is perfect for a live-work scenario or an investment opportunity. The airy, high-ceiling residential unit showcases exquisite wide oak flooring and ornate architectural details throughout, bathed in abundant natural light. Generously-sized rooms feature spacious closets and elegant built-ins, while the sophisticated dry bar and marble fireplace adds entertainment appeal. Meticulously preserved details blend seamlessly with modern amenities, including in-unit laundry and convenient elevator access. The large dry basement provides additional storage space. Outdoors, a bamboo-lined yard creates a serene, private oasis. The commercial component on the first floor offers versatile square footage, ideal for a variety of business ventures. With ample parking available, this property truly has it all - the comforts of home combined with profitable commercial potential. Don't miss your chance to make this one-of-a-kind mixed-use gem your next live-work or investment opportunity.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1948

UTILITIES

Gas, Water - City, Sewer - City, Heating - Oil (Fired)

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3

LAND SF

13,068

ZONING

R10

APN/PARCEL ID

NEWP-000010-000000-000185

ASK ABOUT THIS PROPERTY

Molly KirbyKirby & KirbyMore Info
401-324-0048

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Molly KirbyKirby & KirbyMore Info
401-324-0048

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.