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372 Broadway
Newport, RI 02840

Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
5,300 SF
Building Class
C
Year Built
1870
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,400 SF
Building FAR
0.49
Lot Size
0.25 AC
Zoning
Mixed-Use
Parking
8 Spaces (1.5 Spaces per 1,000 SF Leased)

Amenities

  • Fireplace
  • Hardwood Floors

About 372 Broadway , Newport, RI 02840

A Newport landmark ready for its next life! Available for the first time in over 70 years this mixed use property offers a prime live/work scenario or an excellent investment opportunity for 5 apartments! Ground level is currently a doctor's office. Second level houses a massage therapy group. Both could be converted into residential units to optimize rental income. Third and fourth levels are two residential spaces including a one bedroom one bath apartment in the rear and a large 5 bedroom 2 bath 2 story apartment on the 3rd and 4th floors. Newer gas heat system, separate electrical for each unit. The large parking area at the rear has a 3 car garage, gated trash area and off street parking for 4 to 8 cars. Please note owners currently occupy the 3rd and 4th floor unit, which could be rented for $2400 per month. An additional $28,800 per year.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NEWP-000007-000000-000035
Land Assessment
$158,200
Improvements Assessment
$1,308,100
Total Assessment
$1,466,300
  • Listing ID: 17491755

  • Date on Market: 10/18/2019

  • Last Updated:

  • Address: 372 Broadway, Newport, RI 02840

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