Open-Plan Retail
For Sale
Contact for pricing
130 Broadway, Newport, RI 02840
Flexible commercial space with broad windows, natural light, and an adaptable layout for retail, office, studio, showroom, or service use.
Property Size1,768 SF
Price / SF$2.26
Days on Market51
Property Features for 130 Broadway
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Residential Properties Ltd.
(401) 619-5622
Listed By:
Marisa Ferris · License #RES.0034595
(401) 640-0170
Source:
Lockandkeyre
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 28 at 7:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Residential Properties Ltd.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,768-square-foot retail property offers an adaptable interior with an open configuration and expansive windows that bring in natural light. The layout can accommodate retail, professional office, studio, showroom, or service-oriented operations, subject to applicable requirements. Constructed in 1950, the property provides a flexible commercial setting for a business seeking a customizable storefront environment.
Located at 130 Broadway in Newport, the property sits along a commercial corridor with established businesses, restaurants, and nearby residential neighborhoods. The Broadway address provides direct street exposure within an area characterized by ongoing local activity.
Located at 130 Broadway in Newport, the property sits along a commercial corridor with established businesses, restaurants, and nearby residential neighborhoods. The Broadway address provides direct street exposure within an area characterized by ongoing local activity.
Key Highlights
- 1,768 SF of flexible retail space
- Expansive windows provide natural light and Broadway street exposure
- Open layout supports retail, office, studio, showroom, or service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,949
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,980
$399.0K
Cap Rate 7%
$284,986
$285.0K
Cap Rate 9%
$221,656
$221.7K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$31.8K $18.00/SF
− Vacancy
−$3.3K −$1.88/SF
EGI
$28.5K $16.12/SF
− OpEx
−$8.5K −$4.84/SF
NOI
$19.9K $11.28/SF
Area
Newport County, RI
Vacancy
10.45%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,980
Cap Rate 7%
$284,986
Cap Rate 9%
$221,656
Alternative Uses
Best Use
Retail
$285.0K
$249.4K – $332.5K
NOI $19,949 @ 7.0% cap · market cap 498.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$421.8K
$369.1K – $492.2K
NOI $29,529 @ 7.0% cap · market cap 738.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 31%
Apparel 28%
Shops & Services 18%
Beauty & Spa 12%
Newport Marriott Hotel & Spa
Hotels & Casinos
15,983 visits/mo
0.4 miles
Sephora
Beauty & Spa
6,200 visits/mo
0.3 miles
Gap
Apparel
6,012 visits/mo
0.3 miles
Citizens Bank
Shops & Services
5,610 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
3,620 visits/mo
0.1 miles
Demographics for 02840, RI
23,902
Population
13,515
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,274
Density / Sq Mi
$83,515
Median Household Income
$41,228
Median Earnings
$1,610
Median Rent
$669,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space with broad windows, natural light, and an adaptable layout for retail, office, studio, showroom, or service use.
Where is this retail space located?
The property is located at 130 Broadway Newport, RI.
What are key features of this property?
This property features: 1,768 SF of flexible retail space; Expansive windows provide natural light and Broadway street exposure; Open layout supports retail, office, studio, showroom, or service uses
