102 Connell Highway, Newport, RI 02840
- $4,500,000
- List Price
- $4,500,000
- Status
- ACTIVE
- MLS#
- 1424155
- Year Built
- 1940
- Levels
- One
- Acres
- 0.96
Property Description
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.
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Additional Information
- Taxes
- $18,400
- Lot Size
- 41,632
- Heating
- Central, Ductless, Forced Air, Gas
- Cooling System Type
- Ductless, Central Air
- Sewer
- Connected
- Water Source
- Connected, Public
- Basement
- None
- Parking Spaces
- 50
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Listing courtesy of RE/MAX Profnl. Newport, Inc.. Contact:
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