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    76 Broadway Newport, RI 02840

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Newport location, 3,490 sq ft office/retail

    Lot size:
    3,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,490 square foot commercial space is available for lease in the heart of Newport, Rhode Island. Situated on the ground floor in the rear of 76 Broadway, with convenient access to Dr. Marcus Wheatland Boulevard, this single-tenant property offers unparalleled versatility. The large, open floor plan is ideal for a variety of uses, making it perfect for businesses seeking a unique and adaptable environment. Imagine a furniture design studio showcasing its creations, a fitness center catering to the local community, or a vibrant retail space attracting foot traffic. The property's location offers significant advantages, including ample parking, ensuring ease of access for both employees and customers. The first-floor access eliminates the need for stairs or elevators, enhancing accessibility and convenience. This property presents a rare opportunity to establish a thriving business in a highly desirable and centrally located Newport area. The space is ready for immediate occupancy and offers a blank canvas for your business to flourish. Its central Newport location provides excellent visibility and accessibility, making it an attractive option for a wide range of businesses. Don't miss this chance to secure a prime commercial space in a thriving Rhode Island community.

    Property Features for 76 Broadway

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,490 SF

    Unit(s) available at that property

    Space
    Size
    3,490 SF
    Rate per SF
    $16

    HighLights

    • 3,490 square foot single‑tenant retail or office space available for lease.
    • Ground floor unit with rear access to Dr. Marcus Wheatland Boulevard in Newport, RI.
    • Suitable for studio‑style businesses, fitness centers, community programs, or standard retail.
    • Ample parking available.
    • Centrally located in Newport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.312146082313
    Latitude
    41.492630481688

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    FAQs

    What type of property is this?
    Office space - Prime Newport location, 3,490 sq ft office/retail
    Where is this office space located?
    The property is located at 76 Broadway Newport, RI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 3,490 square foot single-tenant retail or office space available for lease.; Ground floor unit with rear access to Dr. Marcus Wheatland Boulevard in Newport, RI.; Suitable for studio-style businesses, fitness centers, community programs, or standard retail.
    Request Owner's contact information
    76 Broadway 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
    76 Broadway Newport, RI 02840
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