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372-380 Thames St
Newport, RI 02840

Retail Property For Sale

Retail Space Rhode Island Newport 372-380 Thames St, Newport, RI 02840

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
$6,023,094 CAD
Price Per SF
$442 CAD
Cap Rate
6.97%
NOI
$419,810 CAD
Percent Leased
100%
Building Height
5 Stories
Building FAR
3.48
Lot Size
0.09 AC
Zoning
LB

Amenities

  • Signage

PROPERTY TAXES

Parcel Number NEWP-000027-000000-000160 Improvements Assessment $2,771,914 CAD
Land Assessment $737,542 CAD Total Assessment $3,509,456 CAD

PROPERTY TAXES

Parcel Number
NEWP-000027-000000-000160
Land Assessment
$737,542 CAD
Improvements Assessment
$2,771,914 CAD
Total Assessment
$3,509,456 CAD
 

  • Listing ID: 32261538

  • Date on Market: 2024-06-26

  • 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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