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    2 Pond Avenue

    Newport, RI 02840
    • $1,159,000
    • STATUS: Active Under Contract
    • MLS #: 1261884
    Under Contract
    UPDATED: 26 min ago
    $1,159,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,876
      SQFT
    • $299
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    Description

    Landmark building in bustling downtown Broadway neighborhood, on the market for the first time in twenty years. Adjacent to Equality Park, this mixed use building contains Nitro Brew Bar as the first floor tenant - one of the busiest coffee shops in town and two loft style apartments. This is as turnkey as an investment property that you'll find in town. Long history of strong rentals in the two apartments above, zoned General Business offering additional opportunity. Meticulously maintained from the basement to the rooftop with updated siding, mini-splits installed for each unit, newer rubber roof and windows. This is a rare opportunity to own such an iconic piece of real estate in Newport's booming Broadway District.

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    © 2020 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 Westcott Properties 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 Westcott Properties. 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: 2020-10-19T11:37:43.477.
    www.westcottproperties.com/homes/109149795
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    2 Pond Avenue Newport, RI 02840

    • Price: $1,159,000
    • Status: Active Under Contract
    • Updated: 26 min ago
    • MLS #: 1261884
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    3,876
    SQFT
    $299
    $/SQFT
    1910
    Built
    Neighborhood:
    Broadway
    County:
    Newport
    Area:
    Newport
    Property Description
    Landmark building in bustling downtown Broadway neighborhood, on the market for the first time in twenty years. Adjacent to Equality Park, this mixed use building contains Nitro Brew Bar as the first floor tenant - one of the busiest coffee shops in town and two loft style apartments. This is as turnkey as an investment property that you'll find in town. Long history of strong rentals in the two apartments above, zoned General Business offering additional opportunity. Meticulously maintained from the basement to the rooftop with updated siding, mini-splits installed for each unit, newer rubber roof and windows. This is a rare opportunity to own such an iconic piece of real estate in Newport's booming Broadway District.
    Exterior Features

    Architectural Style Multi-FamilyTri-Level Construction Materials FrameMasonry Foundation Details Concrete Perimeter Lot Features Corner Lot Parking Total 4

    Interior Features

    Basement Full Basement YN Yes Cooling None Heating BaseboardForced Air

    Property Features

    Business Type Food & BeverageMixed Community Features Highway AccessMarinaNear HospitalNear SchoolsPublic TransportationShoppingHigh Traffic LocationStreet LightsSidewalks Current Use Retail Electric 100 Amp Service200+ Amp Service Land Lease YN No Laundry Features In Unit Operating Expense 0 Possible Use CommercialMulti-FamilyMixed UseOtherResidentialRetail Property Sub Type Retail Road Frontage Type City Street Road Surface Type AsphaltConcretePaved Sewer ConnectedPublic Sewer Tax Annual Amount 8984 Tax Assessed Value 582600 Tax Lot 208 Tax Year 2019 Utilities Cable AvailableNatural Gas AvailableNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Source ConnectedPublic Zoning Gb

    Listing information © 2020 State-Wide Multiple Listing Service.
    Listing provided courtesy of Hogan Associates.





    © 2020 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 Westcott Properties 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 Westcott Properties. 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: 2020-10-19T11:37:43.477.
     
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