464 Thames St. Building For Sale

REDUCED! Investment Opportunity!

Property Description

CHECK IT OUT! A fabulous opportunity to own this great investment located in the heart of Thames Street. Fully occupied by the regional restaurant chain of Harry’s Burger Bar. A great corner location with fabulous visibility.  Dramatic two bedroom apartment on the third floor with great sunset & water views from the upper floors. Ideal work / live situation. Lease details available upon request.

Business is also for sale which includes a Beer & Wine license. For information click HERE

Buy the restaurant, Buy the building, or buy your next home & career!


Property Details

Address: 464 Thames St., Newport, RI
Buillding Size: 2,376 + 990 sf basement storage
Sale Price: Building only $970,000 - JUST REDUCED!!
Lease Price: $6,150 per month- plus increases see below
Bedrooms: Includes a 2 Bedroom 1 Bath Apartment on 3rd Floor -Water Views
Bathrooms: 3 (Restaurant) 1 Full Bath in Apt.
Sewer: Tenant Responsible
Water: Tenant Responsible
Available Space: Building = 2,376 sf - Restaurant = 1980 sf (Apt 396 sf) - Per Vision appraisal
Inventory: Included
Taxes: $10,102
Plat: 32
Lot: 278
Year Built: 1900
Unit Descriptions:

Tenant Responsible for All Utilities & Snow Removal

Third floor furnished apartment included in the lease. All furnishings convey with the sale with the exception of the stove and refrigerator (landlord’s).

Traffic Counter: Heavy Foot and Vehicular Traffic
Location: Thames at Pope & Spring Wharf
Site: Corner
Frontage: 63 Feet of Frontage on Two Sides (Thames 30 sf)
Rent Increases: Tenant pays increase in taxes and insurance over base year
Parking: 1.5 spaces at Back of Property
Heat / Air: Gas Fired Forced Hot Air. Tenant responsible for annual maintenance.
Available Date: Immediately
Zoning: Limited Business (LB)
Trash: Tenant Responsible
Insurance: $1M Public Liability & Plate Glass Insurance Naming Landlord as Additional Insured

464 Thames St., Newport, RI,
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