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372-380 Thames St
Newport, RI 02840

Retail Property For Sale

Retail Space Rhode Island Newport 372-380 Thames St, Newport, RI 02840

Executive Summary

MG Commercial is pleased to bring to market this 12,132 SF mixed
use commercial property on Thames Street in Newport. The 4-story
property is currently configured with 2 commercial and 6 residential
units. Residential units provide both summer rental and student
rental income.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
13,640 SF
Building Class
C
Year Built/Renovated
1902/2004
Price
$4,200,000
Price Per SF
$308
Cap Rate
6.97%
NOI
$292,740
Percent Leased
100%
Building Height
5 Stories
Building FAR
3.48
Lot Size
0.09 AC
Zoning
LB

Amenities

  • Signage

PROPERTY TAXES

Parcel Number NEWP-000027-000000-000160 Improvements Assessment $1,932,900
Land Assessment $514,300 Total Assessment $2,447,200

PROPERTY TAXES

Parcel Number
NEWP-000027-000000-000160
Land Assessment
$514,300
Improvements Assessment
$1,932,900
Total Assessment
$2,447,200
 

  • Listing ID: 32261538

  • Date on Market: 6/26/2024

  • Last Updated:

  • Address: 372-380 Thames St, Newport, RI 02840

More public record information on 372-380 Thames St, Newport, RI 02840

The Retail Property at 372-380 Thames St, Newport, RI 02840 is currently available for sale. Contact MG Commercial Real Estate for more information.

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