For Sale
$2,100,000

18 Sheffield AveNewport, RI 02840

Live/Work Opportunity, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This stunning Newport, RI mixed-use property, located at 18 Sheffield Ave, offers a unique blend of residential and commercial space. The 5,975 square foot building, constructed in 1948 and renovated in 2003, sits on a 2.16-acre lot and is zoned R-10. The upper floors comprise a spacious 5-bedroom, 2.5-bathroom residential unit featuring wide oak floors, ornate details, high ceilings, a marble fireplace, and a dry bar. Modern amenities include in-unit laundry and elevator access. A large dry basement provides ample storage. The exterior boasts a private, bamboo-lined yard. The first floor offers 2,625 square feet of versatile commercial space, perfect for various business ventures. Thirteen parking spaces are available. This property presents an exceptional live-work opportunity or a strong investment prospect, combining the comfort of a luxurious home with the potential for substantial commercial income. The asking price is $2,100,000. This is a rare opportunity to acquire a meticulously maintained property in a desirable Newport location.

Highlights

  • 18 Sheffield Ave, Newport, RI: 5,975 SF mixed-use building on a 2.16-acre lot, zoned R-10.
  • 1948 construction, renovated in 2003.
  • Upper floors: 5-bedroom, 2.5-bathroom residential unit with hardwood floors, high ceilings, and modern amenities including in-unit laundry and elevator access.
  • First floor: 2,625 SF of commercial space.
  • Thirteen parking spaces, large dry basement, and private yard.
  • Asking price: $2,100,000.

Property Details for 18 Sheffield Ave

Property type
Office properties, Office space
Square Feet
5,975 SF
Year Built/Renovated
1948/2003
Lot Size (sq. ft)
94,090 SF

Location Insight

City
Newport
County
Newport
State
Rhode Island
Latitude
41.502198
Longitude
-71.3112827
18 Sheffield Ave, Newport, Rhode Island

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18 Sheffield Ave
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