Sold

515 Thames Street

Newport RI, 02840

$1,585,000


$581.01 per sqft

Sold

2,728 sqft

Commercial

Built in 1900

Waterfront Business Zoned mixed use building available for the first time in 24 years! Located in vibrant Lower Thames downtown Newport on a corner site in the midst of the hustle bustle and within a short stroll to Newport Harbor, the waterfront business zone allows for many uses and investment opportunities. This well-maintained building is comprised of a first-floor restaurant and a beautiful and spacious owner occupied second/third floor 3 bedroom (2 are ensuite) apartment. Two prime off-street parking spaces. A new exhaust system for the restaurant was installed in 2020. Patrons of the restaurant enjoy a cozy outdoor seating area. New windows in 2019 and new roof in 2020. Superb location, high visibility and endless possibilities!

1308521

MLS ID

April 25, 2022

Listed

February 10, 2024

Updated

Map

515 Thames Street
Newport RI, 02840

Interior Features

Total Stories

3


Laundry Description

In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Ductless, Window Unit(s)


Heating

Yes


Heating Description

Baseboard, Zoned

Exterior/Building Features

Lot Size

0.04 Acres


Lot Features

Corner Lot


Sewer

Connected, Sanitary

Other Property Details

Taxes

$8,812


Tax Frequency

Annually


Days on Market

37


Association Amenities

Restaurant


Garage

No


Parking Total

2


View

No


County

Newport


Water Source

Public


Pool

No


Zoning

WB


Buyer Agency Compensation

NS R 3%

 

Courtesy of Mott & Chace Sotheby's Intl.

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2024 State-Wide MLS, Inc. All rights reserved.

Data last updated 10:29 AM UTC, 2/10/2024.

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