3 Connected Retail Condos in Newport

Retail-Commercial for Sale
Catylist Listing ID: 30504547
Property Subtypes: Convenience Store, Mixed Use, Street Retail, Other
Condo? Yes
Building Size (RSF): 1,088 SF
Gross Building Area: See Agent
Sale Price: $525,000
Property Use Type: Vacant/Owner-User, Business
Building Name: Perry Mill Market
Usable Size (USF): 1,088 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/23/2019

Overview / Comments

This is a fantastic opportunity to own commercial space in the heart of Newport! Three individual units, #11, #12 & #13 are located in the historic Perry Mill Market. They can be purchased together and used as one complete space or leased out individually. Entrance to the building is at the corner of America’s Cup Avenue and Thames Street with another well trafficked entrance by the famed Newport Wave statue. Perry Mill Market is anchored by the Newport Bay Club and Hotel. Millions of visitors come to Newport all year-long to experience a true classic seaport in New England. With its hosting of sailing events, the mansions on Bellevue Ave and a plethora of cruise ship passengers, there is no better location than in the center of all the action. Units can also be sold individually.

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Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Tax ID/APN: NE 27 266
Is Condo?: Yes
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: America's Cup Avenue and Thames Street
Property Visibility: Good
Largest Nearby Street: Thames Street
Site Description: Busy, downtown commercial district. Near marina and harbor.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1835
Exterior Description: Stone, masonry
Parking Type: Other
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,845 37,187 49,522
Median Age: 39.79 40.46 41.74
Households: 6,146 16,069 21,166


Photograph of Listing Agent

Justin J Gallant

J.E. Group Properties
ECCPN Member
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