312-318 Broadway - Storefront Retail/Residential FOR SALE


Newport, RI 02840
$2,850,000 USD
401-339-1010
312-318 Broadway, Newport, RI for Sale
$2,850,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | Request Cap Rate

312-318 Broadway
Newport, RI 02840


OVERVIEW

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. Room to improve cap rate, 50% undervalued.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Limited Business

APN/PARCEL ID

NEWP-000014-000000-000152

ASK ABOUT THIS PROPERTY

David LawrenceLila Delman CompassMore Info
401-339-1010

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David LawrenceLila Delman CompassMore Info
401-339-1010

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