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Commercial Condo in Prime Location

64 Halsey Street Newport, RI 02840

64 Halsey Street, Newport, RI, 02840
$329,000
For Sale
Claim this Listing
$329,000

COMMERCIAL - Newport, RI

Property Size947 SF
Price / SF$347.41
AddedSep 4, 2025
Days on Market315
Last RefreshJul 15 at 11:06 pm

Property Features for 64 Halsey Street

General Information

Property type
Commercial Sale
Property subtype
Other
Parking
2
Interior features
Ceiling Height (12 to 15 Ft)
Standard status
Active
Size
947 SF

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
1813

Building Details

Year built
1983
Number of units
2
Building materials
Masonry, Steel

Listing agent Bill Sizeland

Listing office Lila Delman Compass 2 Marlborough Street, RI

Listing date Sep 4, 2025

MLS# 1394269

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This commercial condo, located at 64 Halsey Street in Newport, offers a combination of utility and accessibility. The property is near Newport's waterfront and downtown area, with access to Middletown and highway and bridge routes. The unit includes separate utilities, featuring gas overhead heating, municipal water/sewer services, and electric. A 14' overhead door provides space for deliveries and equipment, complemented by an additional entrance door. The interior includes a half bath. The property includes 2 dedicated parking spots directly outside the unit. The property is suitable for contractors, tradesmen, and business owners looking for a base for their business. There is an option to negotiate a separate purchase of specialized machinery.

Key Highlights

  • Prime location near Newport's waterfront and downtown, with easy access to Middletown and major highways.
  • Separate utilities (gas overhead heating, municipal water/sewer, electric) for convenience.
  • 14' overhead door for easy deliveries and equipment access.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $17.0k $18.00
− Vacancy −$1.8k −$1.88
EGI $15.3k $16.12
− OpEx −$4.6k −$4.84
NOI $10.7k $11.28
947 SF · lease $18.00/SF/yr · vacancy 10.45% · expense 30.00%

Alternative Uses

Best Use
Retail
$152.6K
$133.6K – $178.1K (±1% cap)
NOI $10,685 @ 7.0% cap · market cap 3.25%
Second Best
Flex RnD
$83.6K
$73.2K – $97.6K (±1% cap)
NOI $5,855 @ 7.0% cap · market cap 1.78%
Theoretical Best
Multifamily LT 5
$226.0K
$197.7K – $263.6K (±1% cap)
NOI $15,817 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Nail Salon Hair Salon Auto Repair Shop Pharmacy Storage Facility Dental Office

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Fleur Soiree — 50 Friendship St, Newport, RI 02840
  • The Water's Edge Flowers — 212 Broadway, Newport, RI 02840

FAQs

What type of property is this?
Storefront property - Ideally situated commercial condo near Newport's waterfront and downtown.
Where is this storefront property located?
The property is located at 64 Halsey Street Newport, RI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Prime location near Newport's waterfront and downtown, with easy access to Middletown and major highways.; Separate utilities (gas overhead heating, municipal water/sewer, electric) for convenience.; 14' overhead door for easy deliveries and equipment access.
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