About This Home
This 0-bedroom, 0-bathroom commercial at 102 Connell Highway in Newport, RI is listed for $4,500,000. Built in 1940, on a 0.96 acres lot.
Key Features
- Built in 1940
- 0.96 acre lot
- 50 parking spaces
Property Details
Amenities
Rare Newport Hospitality & Entertainment Opportunity. Available turnkey restaurant, entertainment venue and commercial real estate at 102-104 JT Connell Highway. Approximately 8,700 SF on nearly one acre (0.956 AC) with excellent visibility and a 2025 traffic count of 19,686 vehicles per day.
Currently home to the Newport Playhouse & Cabaret Restaurant, the property features a 165-seat theater, extensive dining and bar areas, commercial kitchen, outdoor patio, backstage/support areas and substantial on-site parking. Sale includes extensive restaurant, dining and theater FF&E, subject to final inventory and exclusions.
Class BV full beverage liquor license available. The established Newport Playhouse business, brand and agreed operating assets may also be included, creating a unique turnkey opportunity for restaurant, hospitality, entertainment, event or dinner-theater operators. Convenient access to Downtown Newport, Pell Bridge and Middletown. Real estate $4,500,000; liquor license $500,000; total offering $5,000,000. Private showings by appointment only.
Monthly Cost Estimate
$24,067/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
102 Connell Highway
Newport, RI 02840
Features & Amenities
Interior Features
Property Details
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 102 Connell Highway is listed at $4,500,000. The estimated monthly payment is $24,067 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 0.96 acre lot, 50 parking spaces. Interior Features: Ceiling Height (9 to 12 Ft).
This property is listed by Jonathan Perry and can be reached at 4018620625.