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Listed price in listed location currency (USD).
$4,500,000

0050

MLS® 1424155

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $18,400
Days Active 0
Lot Size 0.956 Acres
Approx. Age 1940
MLS® Number 1424155

Property Address: 102 Connell Highway, Newport, RI, 02840

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number1424155
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
BasementNone
Driveway
Garage Spaces
HeatCentral, Ductless, Forced Air, Gas
A/CDuctless, Central Air

Extras

Equipment / FF&E Included Restaurant & Kitchen Equipment: Commercial cooking line, hood and fire-suppression system, refrigeration/freezer equipment, prep stations, commercial dishwashing equipment, pizza oven, buffet/service equipment, bar equipment and related kitchen fixtures. Dining & Facility FF&E: Dining tables and chairs, bar furnishings, buffet/service furnishings, patio furnishings and other agreed restaurant fixtures. Theater & Entertainment Equipment: Stage and theatrical equipment, lighting and sound equipment, cabaret/event equipment, backstage equipment and other agreed production assets. Sale includes substantial restaurant, dining and entertainment FF&E, subject to final inventory, ownership verification and agreed exclusions.

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