111 Memorial Blvd W, Newport RI Real Estate Listing

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Price	Down Payment	Interest Rate	Years
		%

Est. Mortgage: $/month

Federal 30-year interest rate: 6.42% last updated on 2023-03-23

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

“THE BURBANKROSE GUEST HOUSE,” has all the charm and character that Newport is known for. Located in the heart of downtown, this property sits at the corner of Thames Street and Memorial Boulevard, across from the Red Parrot Restaurant. Beyond the location’s heavy foot traffic and street visibility, this property is also in a General Business Zone, providing income opportunities for hospitality, retail, office space, and more. Recent updates include a newer heating system, kitchens, windows, and bathrooms. The building is currently operating as an established live-in guest house for the last 22 years. It contains one single-dwelling unit, and a 5-bedroom guest house (including 5 kitchens). The finished lower level includes laundry, cleaning crew facilities and utilities. No flood insurance required, and excellent income history. P&L available upon signing NDA. Would consider 1031 exchange. Buyer to do all due diligence.

More Info

Parking

Parking Spaces

Building

Year Built1780
TypeApartment, Bed and Breakfast, Commercial, Extended Stay, Hotel/Motel, Inn, Motel, Multi Family, Residential
Under ConstructionNo
Total Units6
Square Feet3752
Loading DoorNone
Number Of Buildings1
Number Of Efficiencies1

Amenities

CoolingIndividual Unit, Window Units
Other AmenitiesBasement, Fireplace, Tennis

Other

Broker IDHOGN02
View Count2

Basic Information

Virtual TourView Tour
Property TypeCommercial/Business
List Price$1,450,000
Listing Agent NameThomas Rao
Broker NameHogan Associates Christie's
MLS Number1329230
MlsStatusActive

Interior

Ceiling Height7-9 Ft

Utilities

UtilitiesCable TV, Electric, Municipal Water, Sanitary Sewers, Storm Sewer, Street Lights, Telephone
Electric100 Amps, Circuit Breaker, Individual Meter
SewerConnected, Municipal

Location

Address111 Memorial Boulevard W
IDX Address DisplayYes
TownNewport
StateRI
Zip02840
County IDNewport
NeighborhoodDowntown Newport Historic Hill Dist
NearBus, Commuter Bus, Marina, Recreational Facilities, Shopping, Tennis

Property

Approx Lot Square Foot1742
SiteSidewalks
RoadMunicipal, Sidewalks

Legal

Real Estate Taxes14010.84
Assessment972300
Real Estate Taxes Yr2022
ForeclosureNo
Short SaleNo
ZoningGB

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2023 State-Wide Multiple Listing Service. All rights reserved.

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