23 Marlborough StNewport, RI 02840

Property Details for 23 Marlborough St

Property size (Sq ft)

1,050 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 1,050 square foot executive office or retail space is ideally situated in the heart of downtown Newport, Rhode Island, directly across from the historic White Horse Tavern and Friends Meeting House. Its prime location offers unparalleled visibility and accessibility, just a block from City Hall, the courthouse, a vibrant array of shops, and diverse restaurants. The space features large display windows, showcasing your business to the high volume of pedestrian and vehicular traffic. Recently updated with new flooring, this single-tenant unit presents an open floor plan, perfect for flexible office or retail configurations. The property boasts approximately 27 feet of municipal road frontage within a shopping plaza, ensuring high visibility. The lease terms include a minimum of two years with a 4% annual rent increase. Monthly rent is $2,200. Utilities including water, sewer, electricity, heat, air conditioning, internet, and trash removal are the tenant's responsibility. A security deposit equivalent to two months' rent is required. The tenant must demonstrate strong financial stability. The property is offered in "as is" excellent condition, and the tenant will need to secure a $1 million public liability insurance policy naming the landlord as co-insured. Immediate occupancy is available.

Location Insight

City

Newport

County

Newport

State

Rhode Island

Latitude

41.4912

Longitude

-71.3133

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