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111 Memorial Boulevard W

Newport, RI 02840
  • $1,475,000
  • STATUS: Closed
  • ON SITE: 466 Days
  • MLS #: 1329230
Sold - 11/17/2023
$1,475,000
SOLD - 11/17/2023
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,752
    SQFT
  • $0
    $/SQFT
Type:
Commercial
Built:
1780
County:
Area:

School Ratings & Info

Description

THE BURBANKROSE GUEST HOUSE, has all the charm and character that Newport is known for. Located in the heart of downtown, this property sits at the corner of Thames Street and Memorial Boulevard, across from the Red Parrot Restaurant. Beyond the location's heavy foot traffic and street visibility, this property is also in a General Business Zone, providing income opportunities for hospitality, retail, office space, and more. Recent updates include a newer heating system, kitchens, windows, and bathrooms. The building is currently operating as an established live-in guest house for the last 22 years. It contains one single-dwelling unit, and a 5-bedroom guest house (including 5 kitchens). The finished lower level includes laundry, cleaning crew facilities and utilities. No flood insurance required, and excellent income history. P&L available upon signing NDA. Would consider 1031 exchange. Buyer to do all due diligence.

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-05-19T12:38:14.47.
www.mercuriogroup.com/homes/136775660
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111 Memorial Boulevard W Newport, RI 02840

  • Price: $1,450,000
  • Status: Closed
  • On Site: 466 Days
  • Updated: 81 min ago
  • MLS #: 1329230
0
Beds
0
Baths
0
½ Baths
0.04
Acres
3,752
SQFT
$0
$/SQFT
1780
Built
Neighborhood:
Downtown Newport Historic Hill Dist
County:
Newport
Area:
Newport
Property Description
THE BURBANKROSE GUEST HOUSE, has all the charm and character that Newport is known for. Located in the heart of downtown, this property sits at the corner of Thames Street and Memorial Boulevard, across from the Red Parrot Restaurant. Beyond the location's heavy foot traffic and street visibility, this property is also in a General Business Zone, providing income opportunities for hospitality, retail, office space, and more. Recent updates include a newer heating system, kitchens, windows, and bathrooms. The building is currently operating as an established live-in guest house for the last 22 years. It contains one single-dwelling unit, and a 5-bedroom guest house (including 5 kitchens). The finished lower level includes laundry, cleaning crew facilities and utilities. No flood insurance required, and excellent income history. P&L available upon signing NDA. Would consider 1031 exchange. Buyer to do all due diligence.
Exterior Features

Foundation Details Combination Levels Three Or More Parking Total 0

Interior Features

Basement Full Basement YN Yes Building Features Public Restrooms Cooling Item1 Unit Window Units Cooling YN Yes Furnished Furnished

Property Features

Association Amenities Restaurant Tennis Courts Business Type Bed Breakfast Hotel Motel Buyer Financing FHA Other VA Community Features Marina Public Transportation Recreation Area Restaurant Shopping Tennis Courts Street Lights Sidewalks Electric Item100 Amp Service Circuit Breakers Human Modified YN Yes Land Lease YN No Laundry Features Common Area Laundry Room New Construction YN No Possible Use Commercial Investment Medical Dental Multi Family Mixed Use Office Residential Single Family Property Sub Type Commercial Road Frontage Type City Street Security Features Carbon Monoxide Detectors Fire Alarm Smoke Detectors Sewer Connected Public Sewer Sanitary Storm Sewer Structure Type Apartment Multi Family Tax Annual Amount 14010.84 Tax Assessed Value 972300 Tax Lot 275 Tax Year 2022 Utilities Cable Available Electricity Available Municipal Utilities Phone Available Water Connected Sewer Connected Water Source Connected Public Zoning GB

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Hogan Associates Christie's: 401-474-9004.



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-05-19T12:38:14.47.
 
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Remax Preferred - The Mercurio Group
641 Armistice Blvd.
Pawtucket RI, 02861