103-111 Bellevue Avenue

Why We Love it

103-111 Bellevue Avenue, Newport RI, 02840

Off market opportunity to purchase a 13,719 square foot mixed use building on Bellevue Avenue and parking lot located on Prospect Hill. Please inquire for rent roll.

• 12 Residential Apartments

• 4 Commercial Tenants

  • 1 vacant restaurant (2,000 sq.ft. + 800 sq.ft. of basement)

• 1 Full Bev Liquor License

• 4,340 square foot parking lot (14 spaces) (‘0’ Prospect Hill)

SALE PRICE:

$6,000,000

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SALE PRICE:
$6,000,000

RESIDENTAL LEASE INCOME:
$232,050 Annually

COMMERCIAL LEASE INCOME:
$65,352 Annually *not including vacant restaurant space

TOTAL INCOME:
$297,402

TOTAL EXPENSE:
$85,632.12

NET INCOME:
$212,000

LIQUOR LICENSE:
Full Bev Liquor License included in sale

PARKING:
14 Parking Spaces in Prospect Hill Lot

ZONING:
(GB) General Business

BELLEVUE PROPERTY SIZE:
13,719 Above Grade Living Area

PROSPECT HILL LOT SIZE:
4,340 SqFt | 14 Parking Spaces