New Listing - 04/18/2025
7 Carroll Avenue, Newport, RI, 02840
1905
7 Carroll Avenue offer a rare opportunity for buyers looking to enter Newport's exclusive commercial mixed-use market zoned Limited Business. Situated in the heart of the vibrant Fifth Ward neighborhood, this property offers year-round exposure, ensuring steady income potential. Whether you choose to operate a high-end caf or restaurant, capitalize on short-term rentals this is an investment poised for long-term success. The building is positioned east-facing, allowing beautiful morning light to pour through the storefront. Upstairs, the two residential units enjoy wonderful natural lighting throughout the day and into the evening, with warm sunsets casting over the back deck. Many upgrades have been made, including a full gut renovation of the third-floor unit, replacement windows, new flooring in the back commercial kitchen, new exterior siding to the entire building in 2024, and a brand new flat roof on the front of the building. Being the last commercial building before Fort Adams and the Ocean Drive beaches, the storefront has always served as a haven for consumers looking to avoid the downtown traffic. This property has a lot to offer and is truly a must-see to understand the opportunity.
Status:
Active
Type:
Commercial
Furnished Remarks:
Furnished
Laundry Remarks:
In Unit
Units:
3
Zoning:
LB
Complex:
Fifth Ward
Heating:
Baseboard, Common, Hot Water, Other
Cooling:
Ductless, Window Unit(s)
Basement:
Full
Parking:
7-car
Acreage:
0.16
Est. Taxes:
$9,772
Assessment
$934,200
Permitted Use
Commercial,Multi-Family,Mixed Use,Other,Retail
Utilities
Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
Lot Description:
Corner Lot
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), High Traffic Location, Street Lights, Sidewalks
MLS #:
1382828
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Gustave White Sotheby's Realty 401-849-3000