105 Broadway

Newport, RI
$ 5,100,000 Beds 0 Baths 0 Sq 10,719
Monthly Estimate* How much can I afford?

A Unique Opportunity to Own a Block of Newport, RI with frontage on three sides at 105-111 Broadway. Located in the heart of the vibrant & local Broadway neighborhood, this block contains a successful restaurant of 17 years (The Fifth Element) and a fully permitted development opportunity for a 40 room luxury hotel. Zoning, Planning, Utility and City approvals including demo, foundation, building & utility permits have been obtained over the last 3 years and remain in place ready to convey. Preliminary design and development plans are also available. The restaurant has had continued success through constant ingenuity during the Covid crisis with their redesigned interior and newly built outside dining space, The Outer Element. This is a package deal with all the plans to date and a turnkey restaurant including liquor license, inventory, equipment, trademarks, URL’s etc.

Contingent

  • Price
  • $ 5,100,000
  • Lot Size
  • 0.4 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 10,719
  • Full Bathrooms
  • 0
  • Year Built
  • 1940
  • Half Bathrooms
  • 0
  • City, Zip
  • Newport
  • Taxes
  • $ 19278
  • County
  • NEWPORT
  • Style
  • Hotel/Motel
  • Area
  • Newport
  • MLS#
  • 1274714
  • Zip
  • 02840
Listing Provided by: Teri Degnan RE & Consulting
Data Source: Rhode Island Statewide MLS (RIAR)

Features

General

Basement None
Building Features Public Restrooms
Business Type Hotel/Motel
Community Features Sidewalks
Construction Materials Frame, Masonry
Cooling Central Air
Electric 200+ Amp Service
Garage Y/N Yes
Heating Central, Forced Air, Gas
Levels Two
Possible Use Development, Residential, Retail
Property Attached Y/N Yes
Property SubType Hotel/Motel
Property Type Commercial Sale
Sewer Connected
Stories 2
Subdivision Name Broadway
Total Units 2
Utilities Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected, Water Available
Zoning GB

Interior Features

Above Grade Finished Area 10719
Air Conditioning Y/N Yes
Furnished Y/N Furnished
Heating Y/N Yes

Exterior Features

Foundation Details Slab
Frontage Length 178
Lot Features Corner Lot
Lot Size Acres 0.4
Lot Size Area 17432
Lot Size Square Feet 17432
Number of Buildings 2
Road Frontage Type City Street
Road Surface Type Paved
Total Parking 43
Water Source Connected, Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the East Greenwich, RI office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/22/2021 Listed $5,100,000

Property vs Zip Code Average in 02840

Price
AVG $1.2M
$5.1M
Taxes
AVG $7,717
$19,278
Visits
AVG 17
4
Year Built
AVG 1921
1940
Walkscore
AVG 60
78
Data Provided by Walkscore ® not using MLS data

Map

105 Broadway Newport, RI is a Single Family Home for sale at $5100000 with 10719 sqft and a lot size of 0.4 Acres Acre(s). 105 Broadway Newport has 0 bedrooms, 0 baths and was built in 1940. The property's zip code is 02840 which is in Newport, RI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.