$2,450,000 USD
Commercial for Sale, Sheffield Avenue, Newport, Rhode Island 02840
- MLS#1405368
- Minimum sellable space
2,551 m² (27,460 ft²)
Listed By Gustave White Sotheby's Realty
The Commercial Property for Sale located at Sheffield Avenue, Newport, Rhode Island 02840 is currently for sale. Sheffield Avenue, Newport, Rhode Island 02840 is listed for $2,450,000.
Property features
Property
- Property size:
2,551 m² (27,460 ft²)
Lot/Land
- Land/Lot size:
5,423 m² (58,370 ft²) - Lot description: Paved Road
Construction
- Year built: 1917
Heating and Cooling
- Heating system: OilForced Air
- Cooling system: Air ConditioningWindow Unit(s)
Community
- Features: Marina
Description
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.
Location
Sheffield Avenue, Newport, Rhode Island 02840