429 - 431 Thames St, Newport, Rhode Island
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Property descriptionThis Mixed Use property is located in the center of Newports bustling Thames Street Waterfront area zoned Waterfront Business. The property has two buildings: 429-431 Thames Street -1 Lees Wharf & 3 Lees Wharf. Units include 2 store front retail spaces, 4 residential apartments, 2 garage spaces & 2 off-street parking spaces. The retail spaces offer great visibility with street level access on Thames Street. The residential units include a newly updated 3+ bedroom townhouse style penthouse with fabulous harbor views from the 3rd & 4th floors and a large deck, a 4-bedroom unit on the 2nd floor that has been completely gutted & renovated, an updated 2-bedroom over the garage, and a 1-bedroom unit. Currently the residential units are mixed summer, winter & yearly leases. A great opportunity with strong income history & extraordinary growth potential!
Newport, Rhode Island, United States
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