NEWPORT 401.680.6588 | MIDDLETOWN 401.845.9500 | EMAIL
- $5.1M Price
- 10,719 Sqft
- .4 Acres
- 10 DOM
105 Broadway
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, URL’s etc.
Essential Information
- MLS® #1274714
- Price$5,100,000
- Bathrooms0.00
- Square Footage10,719
- Acres0.40
- Year Built1940
- TypeCommercial Sale
- Sub-TypeHotel/Motel
- StatusActive
- HOA Dues0.00
Community Information
- Address105 Broadway
- SubdivisionBroadway
- CityNewport
- CountyNewport
- StateRI
- Zip Code02840
Amenities
- FeaturesCorner Lot
- Parking Spaces43
Utilities
Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected, Water Available
Interior
- HeatingCentral, Forced Air, Gas
- CoolingCentral Air
- # of Stories2
- Stories2
Exterior
- ExteriorFrame, Masonry
- Lot DescriptionCorner Lot
- ConstructionFrame, Masonry
- FoundationSlab
Additional Information
- Date ListedFebruary 22nd, 2021
- Days on Market10
- ZoningGB
Listing Details
- OfficeTeri Degnan Re & Consulting
Teri Degnan Re & Consulting.
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Listing information last updated on April 10th, 2021 at 8:45pm EDT.