190 Thames St

Financing Available!  The Lil' Clam is a fantastic opportunity awaits the restaurant entrepreneur, front & center, downtown Newport! Standard restaurant with full kitchen, hood, equipment is now available for sale in the heart of heavy foot traffic on upper Thames St., steps from Starbucks, Brooks Brothers and Brick Marketplace. Don't miss out - turn key. Creative Seller Financing Available!

Address: 190 Thames St, Newport, RI
Building Size: ~1,350 sf
Sale Price: $60,000 - Price Change!
Lease Price: $3,000 / mo
Sewer: City Connected
Water: City Connected
Taxes: $4,774.00 / Yr 2015 - Paid Quarterly
Location: Downtown
Site: Waterfront
Road: Heavy Foot & Vehicular Traffic
Term: Current Lease is in the first renewal option for a period of 4 years, ending 4/30/2018 $3,000/mo. Second renewal at $3500/mo.
Deposit: $4,900
Parking: Customer parking in Mary St. Lot at rear
Heat / Air: Gas Fired HVAC Forced Hot Air
Available Date: Immediately
Financial: Buyer must prove financial strength and proof of funds
Restricted Uses: No direct competition with neighbors
Zoning: GB
Trash: $140/mo
Insurance: $1,000,000.00 Liability Policy plus plate glass insurance. Tenant must co-name Landlord as additional insured.
Condition: As Is
Unit Descriptions:

Utility Costs Average:
Gas $300-$600/mo
Elect $1,000 – $1500/mo
Water/Sewer $300/mo
Trash Removal $160/mo
Leased Equipment:
Dishwasher, Eco Lab $160/mo
Fixtures:
Hood & Ansul System