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    429 Thames Street

    Newport, RI 02840
    • $2,485,000
    • STATUS: Active Under Contract
    • MLS #: 1248510
    Under Contract
    UPDATED: 44 min ago
    $2,485,000
    • 0
      BEDS
    • 3049
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,938
      SQFT
    • $418
      $/SQFT
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Description

    This Mixed Use property is located in the center of Newport's bustling Thames Street Waterfront area - zoned Waterfront Business. The property has two buildings: 429-431 Thames Street -1 Lee's Wharf & 3 Lee's Wharf. Units include 2 store front retail spaces, 4 residential apartments, 2 garage spaces & 2 off-street parking spaces. The retail spaces offer great visibility with street level access on Thames Street. The residential units include a newly updated 3+ bedroom townhouse style penthouse with fabulous harbor views from the 3rd & 4th floors and a large deck, a 4-bedroom unit on the 2nd floor that has been completely gutted & renovated, an updated 2-bedroom over the garage, and a 1-bedroom unit. Currently the residential units are mixed summer, winter & yearly leases. A great opportunity with strong income history & extraordinary growth potential!

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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: 2020-10-19T22:37:44.513.
    www.westcottproperties.com/homes/103735745
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    429 Thames Street Newport, RI 02840

    • Price: $2,485,000
    • Status: Active Under Contract
    • Updated: 44 min ago
    • MLS #: 1248510
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3049
    Acres
    5,938
    SQFT
    $418
    $/SQFT
    1900
    Built
    Neighborhood:
    Thames Street / Waterfront Business
    County:
    Newport
    Area:
    Newport
    Property Description
    This Mixed Use property is located in the center of Newport's bustling Thames Street Waterfront area - zoned Waterfront Business. The property has two buildings: 429-431 Thames Street -1 Lee's Wharf & 3 Lee's Wharf. Units include 2 store front retail spaces, 4 residential apartments, 2 garage spaces & 2 off-street parking spaces. The retail spaces offer great visibility with street level access on Thames Street. The residential units include a newly updated 3+ bedroom townhouse style penthouse with fabulous harbor views from the 3rd & 4th floors and a large deck, a 4-bedroom unit on the 2nd floor that has been completely gutted & renovated, an updated 2-bedroom over the garage, and a 1-bedroom unit. Currently the residential units are mixed summer, winter & yearly leases. A great opportunity with strong income history & extraordinary growth potential!
    Exterior Features

    Construction Materials Frame Foundation Details SlabStone Garage YN Yes Lot Features Corner Lot Parking Total 4 View Water View YN Yes

    Interior Features

    Basement Full Basement YN Yes Cooling DuctlessWall/Window Unit(S) Heating Baseboard

    Property Features

    Community Features MarinaPublic TransportationShoppingSidewalks Current Use Residential Electric Circuit Breakers Inclusions All Appliances Convey. Units 24Garage Apartment All Convey Fully Furnished As Currently Rented. Land Lease YN No Laundry Features Common AreaIn UnitLaundry Room Operating Expense 0 Owner Pays Common Area MaintenanceSewerWater Possible Use InvestmentMulti-FamilyMixed UseResidentialRetail Property Sub Type Commercial Road Surface Type Concrete Sewer ConnectedPublic SewerSanitary Tax Annual Amount 20483 Tax Assessed Value 1242100 Tax Lot 21-4 Tax Year 2019 Tenant Pays Cable TvElectricityGasHeatTelephone Utilities Cable AvailableElectricity AvailableNatural Gas ConnectedMunicipal UtilitiesWater Connected Water Source Connected Zoning Wb

    Listing information © 2020 State-Wide Multiple Listing Service.
    Listing provided courtesy of Lila Delman Real Estate.





    © 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: 2020-10-19T22:37:44.513.
     
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    178 Broadway
    Providence RI, 02903