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    105 Broadway

    Newport, RI 02840
    • $5,100,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 1274714
    UPDATED: 49 min ago
    $5,100,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,719
      SQFT
    • $476
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1940
    County:
    Area:

    School Ratings & Info

    Description

    A Unique Opportunity to Own a Block of Newport, RI with frontage on three sides at 105-111 Broadway. Located in the heart of the vibrant & local Broadway neighborhood, this block contains a successful restaurant of 17 years (The Fifth Element) and a fully permitted development opportunity for a 40 room luxury hotel. Zoning, Planning, Utility and City approvals including demo, foundation, building & utility permits have been obtained over the last 3 years and remain in place ready to convey. Preliminary design and development plans are also available. The restaurant has had continued success through constant ingenuity during the Covid crisis with their redesigned interior and newly built outside dining space, The Outer Element. This is a package deal with all the plans to date and a turnkey restaurant including liquor license, inventory, equipment, trademarks, URLs etc.

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    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-04-17T22:37:39.703.
    www.onshorerealtors.com/homes/114403042
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    105 Broadway Newport, RI 02840

    • Price: $5,100,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 1274714
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    10,719
    SQFT
    $476
    $/SQFT
    1940
    Built
    Neighborhood:
    Broadway
    County:
    Newport
    Area:
    Newport
    Property Description
    A Unique Opportunity to Own a Block of Newport, RI with frontage on three sides at 105-111 Broadway. Located in the heart of the vibrant & local Broadway neighborhood, this block contains a successful restaurant of 17 years (The Fifth Element) and a fully permitted development opportunity for a 40 room luxury hotel. Zoning, Planning, Utility and City approvals including demo, foundation, building & utility permits have been obtained over the last 3 years and remain in place ready to convey. Preliminary design and development plans are also available. The restaurant has had continued success through constant ingenuity during the Covid crisis with their redesigned interior and newly built outside dining space, The Outer Element. This is a package deal with all the plans to date and a turnkey restaurant including liquor license, inventory, equipment, trademarks, URLs etc.
    Exterior Features

    Construction Materials FrameMasonry Foundation Details Slab Frontage Length 178 Garage YN Yes Levels Two Lot Features Corner Lot Parking Total 43

    Interior Features

    Basement None Basement YN No Cooling Central Air Furnished Furnished Heating CentralForced AirGas

    Property Features

    Business Type Hotel/Motel Community Features Sidewalks Electric 200+ Amp Service Inclusions All Equipment To Convey Land Lease YN No Operating Expense 0 Possible Use DevelopmentResidentialRetail Property Sub Type Hotel/Motel Road Frontage Type City Street Road Surface Type Paved Sewer Connected Tax Annual Amount 19278 Tax Assessed Value 1250200 Tax Lot 196/001 Tax Year 2020 Utilities Natural Gas AvailableNatural Gas ConnectedMunicipal UtilitiesWater ConnectedSewer ConnectedWater Available Water Source ConnectedPublic Zoning Gb

    Listing information © 2021 State-Wide Multiple Listing Service.
    Listing provided courtesy of Teri Degnan Re & Consulting.





    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-04-17T22:37:39.703.
     
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    Westerly RI, 02891