-
3 CARROLL AVE NEWPORT, RI 02840
- Commercial / Resale (MLS)
Property Details for 3 CARROLL AVE, NEWPORT, RI 02840
Features
- Price/sqft: $557
- Lot Size: 0.27 acres
- Total Units: 1
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Stories: 1
- Roof Type: Tar & Gravel
- Heating: Baseboard Heating
- Construction Type: Masonry
- Exterior Walls: Wood Siding
Facts
- Year Built: 01/01/1929
- Property ID: 987107991
- MLS Number: 1380210
- Parcel Number: NEWP M:040 B:0193
- Property Type: Commercial
- County: NEWPORT
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. In perfect time to capitalize on the high season, 3 & 7 Carroll Avenue offer a rare opportunity for buyers looking to enter Newports exclusive commercial mixed-use market zoned Limited Business. Properties like this rarely trade in Newport, especially in such a coveted location with 18 parking spaces and minimal competition. 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, or explore redevelopment opportunities, this is an investment poised for long-term success. The buildings are positioned east-facing, allowing beautiful morning light to pour through the storefronts. 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, and new exterior siding on the main building in 2024. Being the last commercial spaces before Fort Adams and the Ocean Drive beaches, the 7 Carroll 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.
Real Estate Professional In Your Area
Are you a Real Estate Agent?
Get Premium leads by becoming a UltraForeclosures.com preferred agent for listings in your area
Click here to view more details
Property Brokerage:
Gustave White Sotheby's International Realty
37 Bellevue Ave
Newport
RI
2840
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.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.