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MLS # 1248510 - Active
This Mixed Use property is located in the center of Newport’s bustling Thames Street Waterfront area – zoned Waterfront Business. The property has two buildings: 429-431 Thames Street -1 Lee’s Wharf & 3 Lee’s Wharf. Units include 2 store front retail spaces, 4 residential apartments, 2 garage spaces & 2 off-street parking spaces. The retail spaces offer great visibility with street level access on Thames Street. The residential units include a newly updated 3+ bedroom townhouse style penthouse with fabulous harbor views from the 3rd & 4th floors and a large deck, a 4-bedroom unit on the 2nd floor that has been completely gutted & renovated, an updated 2-bedroom over the garage, and a 1-bedroom unit. Currently the residential units are mixed summer, winter & yearly leases. A great opportunity with strong income history & extraordinary growth potential!
Property Type:
Commercial
MLS#:
1248510
Price:
2485000
Year Built:
1900
Rooms:
--
City:
Newport
Neighborhood:
Thames Street / Waterfront Business
Lot Size:
0.07 Acres
Zip Code:
02840
Agent Information:
Listed By: Lila Delman Real Estate
Contact an Island Realty agent about this listing!
Property Details
Style Type: Apartment, Residential, Street Retail Building Levels: --
Beds: -- Bathrooms:
Living Area: sq. ft. Under Construction: No
Garage Spaces: None Fireplaces: None
Garage Type: -- Fireplace Type: --
Rooms: --
Exterior: --
Finished Floor: --
Sewer: Connected, Municipal
Electric: Circuit Breaker, Individual Meter
Hot Water: --
Heat: --
Heating System: Baseboard
Cooling: Ductless AC, Window Units
Water Amenities: --
Handicap Accessible: --
Lot: --
Pool: --
Equipment: --
Near: Bus, Commuter Bus, Marina, Shopping, Swimming
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Content Updated 6/6/2020