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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Listed by Gustave White Sotheby's Realty
Email:
Phone: 401-849-3000

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