Log In/Sign Up
Your email has been sent.
103 Bellevue Ave 19,709 SF 100% Leased Retail Building Newport, RI 02840 $5,500,000 ($279.06/SF)
Executive Summary
Presenting an exceptional investment opportunity on Newport's prestigious Bellevue Avenue: a 13,719 square foot mixed-use building complemented by a spacious 4,340 square foot parking lot located on neighboring Prospect Hill.
This prime commercial property features 12 well-maintained residential apartments with strong rental history and 4 commercial spaces, including 1 vacant restaurant space (2,000 SqFt, plus an additional 800 SqFt of basement storage). The property includes a valuable full beverage liquor license, providing significant potential for the restaurant space or as an additional asset. The parking lot offers 14 spaces at '0' Prospect Hill, a substantial amenity in Newport.
Situated in a high-traffic area surrounded by upscale establishments, this property presents multiple income streams and development possibilities. Current tenants provide consistent revenue, while the vacant restaurant space offers potential for additional income.
This prime commercial property features 12 well-maintained residential apartments with strong rental history and 4 commercial spaces, including 1 vacant restaurant space (2,000 SqFt, plus an additional 800 SqFt of basement storage). The property includes a valuable full beverage liquor license, providing significant potential for the restaurant space or as an additional asset. The parking lot offers 14 spaces at '0' Prospect Hill, a substantial amenity in Newport.
Situated in a high-traffic area surrounded by upscale establishments, this property presents multiple income streams and development possibilities. Current tenants provide consistent revenue, while the vacant restaurant space offers potential for additional income.
Property Facts In Escrow
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
19,709 SF
Building Class
C
Year Built
1900
Price
$5,500,000
Price Per SF
$279.06
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.77
Lot Size
0.12 AC
Zoning
GB - General Business
Parking
31 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
155’ on Bellevue Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Griswold's Tavern
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Griswold's Tavern | Retailer | - | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NEWP-000028-000000-000022 | Improvements Assessment | $2,014,800 |
| Land Assessment | $423,700 | Total Assessment | $2,438,500 |
Property Taxes
Parcel Number
NEWP-000028-000000-000022
Land Assessment
$423,700
Improvements Assessment
$2,014,800
Total Assessment
$2,438,500
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
103 Bellevue Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.