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$3,495,000
8 Days On Site

3 7 Carroll Avenue
Newport, RI 02840

For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
6,269
SqFt
$558
/SqFt
1905
Built
Subdivision:
Fifth Ward
County:
Newport
3 7 Carroll Avenue3 7 Carroll Avenue3 7 Carroll Avenue3 7 Carroll Avenue
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Monthly Payment (Est.)

$15,946
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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 caf 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.

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Listing Snapshot
Price 
$3,495,000
Days On Site 
8 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,269 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
11,814 Acres
Year Built 
1905
MLS® Number 
1380210
Status 
Active
Property Tax 
$14,134
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Additional Property Use 
CommercialDevelopmentInvestmentMulti-FamilyResidentialRetail
Foundation 
CombinationConcrete PerimeterStone
Number Of Stories 
3
Parking Spaces 
18
Property Sub Type 
Mixed Use
Security 
Security SystemVaries By Unit
SqFt Above 
6269
SqFt Total 
6269
Stories 
Three Or More
Utilities 
OtherSewer Connected
Interior Features
Basement 
Partial
Cooling 
DuctlessWindow Unit(s)
Electric 
Generator
Furnished 
Furnished
Heating 
BaseboardHot Water
Laundry Features 
Laundry RoomCommon AreaIn Unit
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Exterior Features
Construction Details 
BrickFrame
Lot Features 
Corner Lot
Community Features
Community Features 
GolfRestaurantTennis Court(s)Sidewalks
Listing courtesy of Rhys Huntley of Gustave White Sotheby's Realty 4018621988



Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-04-03 02:46 AM UTC

Neighborhood & Commute
Source: Walkscore
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