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Roults Jean-Francois

jeanfrancoisgroupmgt@gmail.com +1(401) 316-9458

$ 2,695,000

Est. payment -/mo

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Active

7 Carroll AVE Newport, RI 02840

5,348 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,348 sqft

Price per Sqft $503

Subdivision Fifth Ward

MLS Listing ID 1382828

HOA Y/N No

Abv Grd Liv Area 5,348

Year Built 1905

Annual Tax Amount $9,772

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Commercial

Property Description

7 Carroll Avenue offer a rare opportunity for buyers looking to enter Newport's exclusive commercial mixed-use market zoned Limited Business. Situated in the heart of the vibrant Fifth Ward neighborhood, this property offers year-round exposure, ensuring steady income potential. Whether you choose to operate a high-end caf or restaurant, capitalize on short-term rentals this is an investment poised for long-term success. The building is positioned east-facing, allowing beautiful morning light to pour through the storefront. Upstairs, the two residential units enjoy wonderful natural lighting throughout the day and into the evening, with warm sunsets casting over the back deck. Many upgrades have been made, including a full gut renovation of the third-floor unit, replacement windows, new flooring in the back commercial kitchen, new exterior siding to the entire building in 2024, and a brand new flat roof on the front of the building. Being the last commercial building before Fort Adams and the Ocean Drive beaches, the storefront has always served as a haven for consumers looking to avoid the downtown traffic. This property has a lot to offer and is truly a must-see to understand the opportunity.

Location

State RI

County Newport

Community Fifth Ward

Zoning LB

Rooms

Basement Full

Interior

Heating Baseboard, Common, Hot Water, Other

Cooling Ductless, Window Unit(s)

Inclusions All commercial appliances convey.

Furnishings Furnished

Laundry In Unit

Exterior

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), High Traffic Location, Street Lights, Sidewalks

Utilities Available Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Total Parking Spaces 7

Garage Yes

Building

Lot Description Corner Lot

Story 3

Foundation Combination, Concrete Perimeter, Stone

Sewer Connected

Water Connected, Public

Level or Stories 3

New Construction No

Others

Tax ID 7CARROLLAVNEWP

Security Features Security System Owned,Security System,Fire Alarm,Security Lights,Building Security

Listed by Gustave White Sotheby's Realty

Roults Jean-Francois

Agent | res.res.0042995

+1(401) 316-9458

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