$850,000
$895,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
2,461 SqFt
SOLD DATE : 11/06/2020
Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,461 sqft
Price per Sqft $345
Subdivision Historic Hill
MLS Listing ID 1265234
Sold Date 11/06/20
HOA Y/N No
Abv Grd Liv Area 2,461
Year Built 1790
Annual Tax Amount $8,234
Tax Year 2019
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Commercial
Property Description
The historic Davis-Townsend House, built c. 1790 and located between Thames Street and Spring Street, is within walking distance of Bellevue Avenue, America's Cup Blvd, and all of Newport's waterfront amenities. This desirable Historic Hill location offers a wonderful opportunity for either rental/retail, a home-business or a residence for a buyer looking for a prime downtown location. Currently functioning as a busy, successful business, the Davis-Townsend House has ample space for offices, living areas and storage. The property also includes two off-street parking spaces and a private garden area, with decks and a separate entrance. A legal two-family residence, this historic house offers many possibilities and great flexibility on each of its three large, light-filled floors. Located in the highly desirable GENERAL BUSINESS ZONE, this zone offers the most versatility for uses. Business financing may be possible, such as, SBA loans and/or grants. INVESTORS NOTE: GB zoning permits short term and nightly rentals.
Location
State RI
County Newport
Community Historic Hill
Rooms
Basement Full
Interior
Heating Common, Gas, Hot Water
Cooling 1 Unit
Furnishings Unfurnished
Exterior
Community Features Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Sidewalks, Tennis Court(s), High Traffic Location
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected
View Y/N Yes
View Water
Present Use Multi-Family
Street Surface Asphalt
Total Parking Spaces 2
Building
Lot Description Historic District
Story 3
Foundation Stone
Sewer Connected, Public Sewer, Sanitary, Storm Sewer
Water Connected, Public
Level or Stories 3
New Construction No
Others
Tax ID 30FRANKLINSTNEWP
Security Features Security System Owned,Carbon Monoxide Detector(s),Fire Alarm,Panic Alarm,Smoke Detector(s),Building Security,Security Service
Financing Cash
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Bought with Lila Delman Compass
Broker Associate | License ID: REB.0019897
+1(401) 556-6707 | jon@jonsellshousesri.com