105 Broadway
105 Broadway Newport, Rhode Island 02840 United States

$5,100,000
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Listing Courtesy of Teri Degnan RE & Consulting
$5,100,000
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.4 Acres
Exterior
Commercial
Property type
1940
Year Built
1274714
Web Id
1274714
MLS ID
Broadway
Subdivision
Newport
School District
7
days ago

About 105 Broadway

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, URLs etc.

PROPERTY INFORMATION

Cooling
Central Air
Heating
Central Air, Central Heat, Forced Air, Gas Connected
Location
Downtown
Sewer
Connected
Water
Available, Connected, Municipal
Listing Courtesy of Teri Degnan RE & Consulting
Listing Courtesy of Teri Degnan RE & Consulting