$2,695,000

7 Carroll Avenue , Newport, RI 02840

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:5,348 sqft
Lot:0.16
Year Built:1905
Listing Status:Active

Listing Agent

Rhys Huntley
http://www.gustavewhite.com/eng
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

7 Carroll Avenue offer a rare opportunity for buyers looking to enter Newport’s exclusive commercial mixed-use market zoned Limited Business. Situated in the heart of the vibrant Fifth Ward neighborhood, this property offers year-round exposure, ensuring steady income potential. Whether you choose to operate a high-end café or restaurant, capitalize on short-term rentals this is an investment poised for long-term success. The building is positioned east-facing, allowing beautiful morning light to pour through the storefront. Upstairs, the two residential units enjoy wonderful natural lighting throughout the day and into the evening, with warm sunsets casting over the back deck. Many upgrades have been made, including a full gut renovation of the third-floor unit, replacement windows, new flooring in the back commercial kitchen, new exterior siding to the entire building in 2024, and a brand new flat roof on the front of the building. Being the last commercial building before Fort Adams and the Ocean Drive beaches, the storefront has always served as a haven for consumers looking to avoid the downtown traffic. This property has a lot to offer and is truly a must-see to understand the opportunity.

Detailed Items

Other Information

7 Carroll Avenue, Newport, RI, 02840 is a commercial sale listing of 5,348 sqft on a lot of 0.16. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property7 Carroll Avenue, Newport, RI
Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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