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312-318 Broadway

12,941 SF 100% Leased Retail Building Newport, RI 02840 $2,850,000 ($220/SF)

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Executive Summary

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.