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    283 Broadway Ave Newport, RI 02840

    Under Contract
    For Sale
    $1,800,000

    COMMERCIAL - Newport, RI

    Lot size:
    0.08 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 283 Broadway Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    LB
    Parking
    4
    Interior features
    Ceiling Height (9 to 12 Ft)
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Central Air

    Building Details

    Year built
    2012
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick, Masonry

    Teri Degnan Real Estate & Consulting, LTD (401) 474-9191 [email protected]

    Listing agent Teri Degnan (401) 474-9191

    Listing date Nov 11, 2025

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newport Commercial Property with Apartment

    This commercial property, constructed in 2012, features a large, high-visibility retail space on the first floor and a newly finished apartment on the second floor. The building is in excellent condition. The apartment offers one-level living with an open floor plan, a gourmet kitchen with a large pantry, laundry facilities, a fireplace, quality flooring, and large bedrooms with en-suite bathrooms. The retail space is open and suitable for various businesses, and includes two bathrooms. The property also provides four private parking spaces in the back. The property is located on Broadway in Newport, RI.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.307111
    Latitude
    41.498255

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    FAQs

    What type of property is this?
    Mixed-use property - Unique commercial property with retail space and finished apartment.
    Where is this mixed-use property located?
    The property is located at 283 Broadway Ave Newport, RI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Large, high-visibility retail space on Broadway suitable for various businesses. Includes 2 bathrooms.; - Beautiful, newly finished move-in ready apartment on the second floor.; - Building constructed in 2012 and in beautiful condition.
    (401) 474-9191
    Request Owner's contact information
    283 Broadway Ave Newport, RI 02840
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    Newport, RI 02840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    283 Broadway Ave Newport, RI 02840
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