0 Sheffield Ave 27,460 SF 100% Leased Industrial Building Newport, RI 02840 $3,345,867 CAD ($121.85 CAD/SF)

Development opportunity. Currently used for industrial/commercial purposes, this offering includes two abutting lots totaling 1.37 acres. The 0.93-acre Sheffield Ave lot features two structures totaling approximately 21,860 SF and 5,600 SF. The adjacent 0.41-acre Garfield Ave parcel is vacant. Both lots are zoned R10, with grandfathered industrial/commercial use on the Sheffield lot. Combining the parcels allows for the creation of five separate R10 lots for development, or the existing structures may be utilized to maximize potential residential unit count. Fantastic opportunity for a residential development near downtown, continue to utilize as a commercial use, or a mixture of both. The property is being sold in "As Is" condition. The Seller shall not be obligated to perform any repairs, cleaning or removal of equipment or personal property prior to closing. The parties agree that the Seller intends to remove all desired items of equipment and personal property from the premises prior to closing. Anything remaining on the premises after closing shall be considered abandoned by the Seller and shall be the property of the Buyer. The Buyer acknowledges and agrees that it shall be the Buyer's responsibility to clean out the premises of all remaining items of equipment, personal property and debris post-closing.