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429 - 431 Thames Street Newport

$2,485,000
0 5,938 sq ft

The Property

This Mixed Use property is located in the center of Newport’s bustling Thames Street Waterfront area – zoned Waterfront Business. The property has two buildings: 429-431 Thames Street -1 Lee’s Wharf & 3 Lee’s Wharf. Units include 2 store front retail spaces, 4 residential apartments, 2 garage spaces & 2 off-street parking spaces. The retail spaces offer great visibility with street level access on Thames Street.

The residential units include a newly updated 3+ bedroom townhouse style penthouse with fabulous harbor views from the 3rd & 4th floors and a large deck, a 4-bedroom unit on the 2nd floor that has been completely gutted & renovated, an updated 2-bedroom over the garage, and a 1-bedroom unit. Currently the residential units are mixed summer, winter & yearly leases. A great opportunity with strong income history & extraordinary growth potential!

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Listing Details

MLS Number

1248510

Lot Size:

0.07 acres

Features

  • Basement: Full
  • Garage
  • Laundry Room
  • Heating: Baseboard
  • Laundry
  • Type: Apartment,Residential,Street Retail
  • Year Built: 1900

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