0 Sheffield Avenue Newport

$2,450,000
27,460 sq ft

The Property

Development opportunity. Currently used for industrial/commercial purposes, this offering includes two abutting lots totaling 1.37 acres. The 0.93-acre Sheffield Ave lot features two structures totaling approximately 21,860 SF and 5,600 SF. The adjacent 0.41-acre Garfield Ave parcel is vacant.

Both lots are zoned R10, with grandfathered industrial/commercial use on the Sheffield lot. Combining the parcels allows for the creation of five separate R10 lots for development, or the existing structures may be utilized to maximize potential residential unit count. Fantastic opportunity for a residential development near downtown, continue to utilize as a commercial use, or a mixture of both.

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Listing Details

MLS Number

1405368

Lot Size:

1.34 acres

Features

  • Laboratory
  • Restrooms
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Shopping
  • Near Swimming
  • Tennis
  • Heating: Central Air, Forced Air
  • Heating Fuel: Central Air, Forced Air
  • Paved
  • Free Standing
  • Year Built: 1917

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Market Trends for Commercial Properties
in Newport

  • Overview
    Homes for Sale Today12-88.9% decrease in inventory
    New on Market *3100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$89.22$89 increase in List Price/Sq.Ft.
    Avg. Sale Price *$0$3,000,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *%-100% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$0 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *0 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Gustave White Sotheby's Realty

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