Newport

In perfect time to capitalize on the high season, 3 & 7 Carroll Avenue offer a rare opportunity for buyers looking to enter Newport’s exclusive commercial mixed-use market zoned Limited Business. Properties like this rarely trade in Newport, especially in such a coveted location with 18 parking spaces and minimal competition. Situated in the heart of the vibrant Fifth Ward neighborhood, this property offers year-round exposure, ensuring steady income potential. Whether you choose to operate a high-end café or restaurant, capitalize on short-term rentals, or explore redevelopment opportunities, this is an investment poised for long-term success. The buildings are positioned east-facing, allowing beautiful morning light to pour through the storefronts. Upstairs, the two residential units enjoy wonderful natural lighting throughout the day and into the evening, with warm sunsets casting over the back deck. Many upgrades have been made, including a full gut renovation of the third-floor unit, replacement windows, new flooring in the back commercial kitchen, and new exterior siding on the main building in 2024. Being the last commercial spaces before Fort Adams and the Ocean Drive beaches, the 7 Carroll storefront has always served as a haven for consumers looking to avoid the downtown traffic. This property has a lot to offer and is truly a must-see to understand the opportunity.

State Wide MLS of Rhode Island, Inc.

Gustave White Sotheby's International Realty

Gustave White Sotheby's Realty

OTHER

COMMERCIAL

ACTIVE

Rhode Island

Commercial Sale - Newport, RI

Newport School District

Carey School

GENERAL_ELEMENTARY_SCHOOL

William J. Underwood School

Newport Area Career And Technical Center

GENERAL_HIGH_SCHOOL

Rogers High School

Frank E. Thompson Middle School

GENERAL_MIDDLE_SCHOOL

Cranston - Calvert School

Coggeshall School

Dr. M. H. Sullivan School

3 Carroll Ave Newport, RI 02840

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Nearby Schools