250 Thames Street

Signature Building for Sale in Downtown Newport

Property Description

Literally front and center, this building faces gorgeous Newport Harbor near the corner of America’s Cup, Thames and Mill. The building houses a full restaurant, two floors of customized loft office space with incredible brick walls and open ceilings. Beautiful views of the wharves and Newport Harbor. This is an amazing rare opportunity to own a beautiful piece of Newport history. Third floor office space is available for lease 1/1/2019. See Information Brochure pdf below

Property Details

Address: 250 Thames Street, Newport, RI

Buillding Size: 14,638 sq.ft.

Lot Size: .08 acres (~3,486 sq.ft.) (Vision Appraisal- makes no sense)

Sale Price: $3,200,000.

Sewer: City connected

Water: City connected

Sprinkler System: Wet

Available Space: Entire third floor ~3761 sq.ft.

Taxes: $25,530/yr 2018

Plat: 24

Lot: 250

Year Built: 1894

Unit Descriptions:

Third floor availability, including utilities:
Entire floor – $6,100/ mo. ~ 3,761 sq.ft.
Unit 1- $3,000/mo ~ 1,048 sq.ft.
Unit 2- $1,200/mo ~ 619 sq.ft.
Unit 3- $1,300/mo ~ 623 sq.ft.
Unit 4- $ 600/mo ~ 268 sq.ft.

Location: Downtown Newport- Across From Bowens / Bannister Wharfs

Site: Heavy Tourist Foot Traffic/Visibility

Frontage: 35'

Heat / Air: Heat/AC Pkgs Gas Forced Air Ducts/ AC Central

Available Date: 3rd Floor Office Vacancy as of 1/1/2019

Zoning: GB

Trash: Tenant Responsible

Condition: Excellent

Income: $222,400

Expenses: $70,500 (including RE taxes)

Virtual PDFs:
https://kirbyprop.com/site/wp-content/uploads/2018/08/Information-Brochure-1.pdf

250 Thames Street, Newport, RI,