105 Broadway, Newport, RI 02840
sale $5,100,000 | Hospitality, Hotel/Motel, Real Estate, Restaurant
Courtesy Of Teri Degnan Real Estate & Consulting, LTD
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.
Read More About This Property Read Less About This Property
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central A/C
- Heating Fuel: Natural Gas
- Heating System: Central Furnace
- Heating System: Forced Air
- MLSID: 1274714
- Parking Spaces: 43
- Roof Type: Unknown
Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed.