$1,218,000
$1,325,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
306 Broadway AVE #306-310 Newport, RI 02840
6,028 SqFt
Key Details
Sold Price $1,218,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,028 sqft
Price per Sqft $202
Subdivision Broadway
MLS Listing ID 1391128
Sold Date 10/31/25
Style Victorian
HOA Y/N No
Abv Grd Liv Area 6,028
Year Built 1900
Annual Tax Amount $10,817
Tax Year 2025
Lot Size 5,300 Sqft
Property Sub-Type Commercial
Property Description
Prime mixed-use property in Newport's high-visibility Broadway district. Situated on Broadway, one of Newport's most recognized commercial corridors, the property enjoys excellent visibility and easy access from downtown, residential neighborhoods, and major roadways. Broadway's eclectic mix of dining, retail, and entertainment draws both locals and visitors year-round, making it a sought-after area for tenants. Fully leased with 3 street-level commercial units, including Newport's oldest family-run pizza business, plus an updated 4-bed, 2-bath single-family residence with expansion potential, 1-car garage, and 2 off-street parking spaces. Significant improvements in the past 3 years. Strong tenant mix, 100% occupancy, and excellent signage opportunities. Turnkey, income-producing asset in Newport's sought-after coastal market. Virtual tour link provided for single family property tour.
Location
State RI
County Newport
Community Broadway
Zoning LB
Rooms
Basement Full
Interior
Heating Gas, Steam
Cooling Central Air, 1 Unit, Window Unit(s)
Furnishings Unfurnished
Laundry Common Area
Exterior
Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), High Traffic Location, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
Street Surface Concrete,Paved
Total Parking Spaces 2
Garage Yes
Building
Lot Description Corner Lot
Story 3
Foundation Brick/Mortar, Concrete Perimeter
Sewer Connected, Public Sewer
Water Connected, Multiple Meters, Public
Architectural Style Victorian
Level or Stories 3
Structure Type Brick,Masonry
New Construction No
Others
Tax ID 306310BROADWAYAV306-310NEWP
Security Features Carbon Monoxide Detector(s),Fire Alarm
Financing Cash
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Bought with Gustave White Sotheby's Realty