Exceptional Property Offering in Newport, RI. Discover the epitome of prime real estate at 162 JT Connell Highway, Newport, RI 02840. Strategically located off the Newport Bridge and across from the bustling Newport Mall, this property offers unparalleled visibility and accessibility. Unique Zoning Advantage: Enjoy the flexibility of a unique zoning structure with zero setback requirements, providing endless possibilities for development and utilization. Expansive Lot: Sprawling over 24,830 sq feet, this expansive lot is a canvas for your vision, accommodating various commercial or mixed-use ventures. Affordable: With annual taxes of only $6,007, this property is a sound investment. Available for a negotiable long or short-term lease at $6500 per month, seize the opportunity to establish your presence in this vibrant community. Prime Location: Benefit from high foot traffic and a dynamic commercial environment, ensuring maximum exposure for your venture. Whether considering a long-term investment or seeking a strategic short-term lease, 162 JT Connell Highway is the canvas for your success. Contact us to explore this unique offering and make your mark in Newport's thriving business landscape.
Electricity Available, Natural Gas Available, Underground Utilities
WATER SOURCE
Connected
Lot Features
Level
CITY
Newport
COUNTY
Newport
STATE
RI
TAX AMOUNT
6007.0
LATEST UPDATE
2024-05-08T16:24:49.210Z
PRICE CHANGE(S)
$3 May 8, 2024
Property Details
Property TypeLand
StatusActive
MLS #1358414
Utility FeaturesElectricity Available, Natural Gas Available, Underground Utilities
WATER SOURCEConnected
Lot FeaturesLevel
CITYNewport
COUNTYNewport
STATERI
TAX AMOUNT6007.0
LATEST UPDATE2024-05-08T16:24:49.210Z
PRICE CHANGE(S)
$3 May 8, 2024
Market Trends
New Properties On Market
157
39%
Increase In New Listings
Average Asking Price
$416,597
$65,496 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$256
$3 Decrease In List Price/Sq. Ft.
Average Days On Market
15
9 Day
Decrease In Days On Market
Data as of May 20, 2024.
Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.
Mortgage Calculator
The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.