Harry’s Bar Burger
Buy an Opportunity!
CHECK IT OUT! A fabulous opportunity to own your own restaurant in the heavy foot traffic area of Newport. A great corner location with prominent visibility has valuable off-street parking, a two bedroom apartment including a Beer & Wine license. The first floor has a newly installed bar. The second floor space is perfect for additional seating or event space, with water views and its own bar. The dramatic apartment on the third floor has amazing sunsets & water views. A great live/work situation.
Address: 464 Thames St., Newport, RI
Buillding Size: 2,376 + 990 sf basement for mechanicals
Sale Price: $300,000 Including Beer & Wine License
Lease Price: $6,150 per month + increases see below
Bedrooms: Lease Includes a 2 Bedroom 1 Bath Apartment on 3rd Floor -Water & Sunset Views
Bathrooms: 2 in Restaurant; 1 Full Bath + Laundry in Apartment
Sewer: Tenant Responsible
Water: Tenant Responsible
Available Space: Building = 2,376 sf - Restaurant = 1980 sf (Apt 396 sf)
Year Built: 1900
Number of Units: 2
Tenant Responsible for All Utilities & Snow Removal
Gas & Elect ~$1600/mo
Third floor furnished apartment included in the lease. All furnishings convey with the sale with the exception of the stove and refrigerator (landlord’s). Certain personal artwork does not convey.
Food and beverage inventory to be completed at the time of sale.
Traffic Counter: Heavy Foot and Vehicular Traffic
Location: Thames at Pope & Spring Wharf
Site: Corner Lot with Parking!
Frontage: 63 Feet of Frontage on Two Sides (Thames 30 sf)
Rent Increases: Tenant pays increase in taxes and insurance over base year
Deposit: Equivalent to 1 Months Rent as Security Plus First Month's Rent Due on Signing
Parking: 1.5 at Back of Property
Heat / Air: Multiple Gas Fired Forced Air, AC or Mini Splits. Tenant responsible for annual maintenance.
Available Date: Immediately
Financial: Buyer of restaurant must prove financial and business qualifications for assumption of Lease
Zoning: Limited Business (LB)
Trash: Tenant Responsible
Insurance: $1M Public Liability & Plate Glass Insurance Naming Landlord as Additional Insured
Condition: As Is - Excellent
464 Thames St., Newport, RI,