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372-380 Thames St
Newport, RI 02840

Retail Property For Sale

Executive Summary

MG Commercial is pleased to bring to market this 12,132 SF mixed
use commercial property on Thames Street in Newport. The 4-story
property is currently configured with 2 commercial and 6 residential
units. Residential units provide both summer rental and student
rental income.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
13,640 SF
Building Class
C
Year Built/Renovated
1902/2004
Price
£3,357,144
Price Per SF
£246
Net Initial Yield
6.97%
NOI
£233,993
Percent Leased
100%
Number of Floors
5
Building FAR
3.48
Lot Size
0.09 AC
Zoning
LB

Amenities

  • Signage

PROPERTY TAXES

Parcel Number NEWP-000027-000000-000160 Improvements Assessment £1,545,006
Land Assessment £411,090 Total Assessment £1,956,096

PROPERTY TAXES

Parcel Number
NEWP-000027-000000-000160
Land Assessment
£411,090
Improvements Assessment
£1,545,006
Total Assessment
£1,956,096
 

  • Listing ID: 32261538

  • Date on Market: 26/06/2024

  • Last Updated:

  • Address: 372-380 Thames St, Newport, RI 02840

The Retail Property at 372-380 Thames St, Newport, RI 02840 is currently available for sale. Contact MG Commercial Real Estate for more information.

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