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105 Broadway, Newport, RI – $5,100,000

  • $5.1M Price
  • 10,719 Sqft
  • .4 Acres
  • 10 DOM
  • $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
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Teri Degnan Re & Consulting.

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.Information is deemed reliable but is not guaranteed. © 2021 State-Wide Multiple Listing Service. All rights reserved.

Listing information last updated on April 10th, 2021 at 8:45pm EDT.