103 Bellevue Avenue

Why We Love it

103 Bellevue Avenue, NEWPORT RI 02840

A rare opportunity to operate your own restaurant on historic Bellevue Avenue. This 2,000 sq.ft. space, plus 800 sq.ft. in storage, is ready for your improvements to accommodate your concept. A BV (full) liquor license is ready to be transferred to your entity. Call to discuss these favorable terms. This space has been gutted, and has received structural updates, upgraded fire alarm and roughed in plumbing for three restrooms. We’re excited to see the next chapter unfold for this historic site.

LEASE PRICE:

$6,500/ Month

---

LEASE PRICE:
$6,500 / Month
Tenant is responsible for 20% of buildings taxes and insurance

LIQUOR LICENSE DEPOSIT:
$50,000

FLOOR:
First floor

PROPERTY TYPE:
Restaurant

AVAILABLE SPACE:
2,000 SqFt on the first floor
800 SqFt of additional basement space

AVAILABLE DATE:
Immediately

FRONTAGE:
Excellent frontage on Bellevue Avenue

TERM:
Landlord prefers a lease commitment of at least five years

BATHROOMS:
Three bathrooms roughed in

ELECTRIC:
Tenant Responsibility

SEWER:
Publicly Connected

WATER:
Publicly Connected, tenant responsibility

INSURANCE:
$1M Public Liability naming Landlord as Co-Insured
Plate glass insurance is required

CONDO ASSOCIATION:
N/A

PLAT/LOT:
28/ 022

UNIT DESCRIPTION:
First floor restaurant space

LOCATION:
Located on sought after Bellevue avenue

PARKING:
1 off street parking space

HEAT/AIR:
Gas Fired HVAC: Tenant Responsible

INTERNET:
Tenant Responsible. Provider: Cox Communications

LANDSCAPING/SNOW REMOVAL:
Tenant Responsible for ensuring front of unit is cleared of snow.

TRASH:
Tenant Responsible for trash removal, dumpster to be place in rear of building

CLEANING:
Tenant Responsible

ZONING:
GB- General Business

RESTRICTED USES:
Standard restaurant use

FINANCIAL REQUIREMENTS:
Financials hereby requested

RENT INCREASES:
4% annual increases