162 BroadwayNewport, RI 02840

Property Details for 162 Broadway

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

2,435 SF

Zone code

GB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NEWP M:018 B:0172

APU

NEWPM018B0172

Description

This stunning 205 sq ft executive office space at 162 Broadway, Unit 3, Newport, RI 02840, is available for immediate occupancy. Located in the vibrant Broadway neighborhood, this pristine, newly renovated office boasts an ensuite bathroom and one dedicated parking spot – a rare find in this desirable location. The building, constructed in 1900, offers a blend of historic charm and modern convenience. This single-unit office is part of a multifamily property, ensuring a quiet and professional work environment. The asking price is $1,900. All utilities are included, except for internet. Water, electricity, refuse removal, and grounds keeping are all covered in the rental price. The convenient location places you steps away from a variety of businesses and restaurants, making it an ideal location for professionals seeking a productive and well-situated workspace. The lot size is 0 sq ft, reflecting the building's integration within the established neighborhood. This is a unique opportunity to secure a highly desirable office space in the heart of Newport.

• CAP approach

  CAP return

  Valuation

  6%

  $608,936

  6.5%

  $562,094

  7%

  $521,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $801,756

  Geo Method

  $801,756

• Alternative Use

  Use

  Valuation

  Residential

  $474,148

  Hospitality

  $434,317

  Educational

  $361,346

  Medical

  $373,774

  Retail

  $562,094

Location Insight

City

Newport

County

Newport

State

Rhode Island

Latitude

41.4938

Longitude

-71.31

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].