7 Carroll Avenue, Newport, RI 02840

$2,695,000

bedrooms

bathrooms

square feet

5,348

Acreage

0.16

Open Houses

year built

1905

Full Baths

Half Baths

Find out more

7 Carroll Avenue offer a rare opportunity for buyers looking to enter Newport’s exclusive commercial mixed-use market zoned Limited Business. 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 this is an investment poised for long-term success. The building is positioned east-facing, allowing beautiful morning light to pour through the storefront. 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, new exterior siding to the entire building in 2024, and a brand new flat roof on the front of the building. Being the last commercial building before Fort Adams and the Ocean Drive beaches, the 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.

Location
Subdivision	Fifth Ward
County	Newport
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1382828

Listing agent: Rhys Huntley

Listing broker: Gustave White Sotheby'S International Realty (401) 849-3000

Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Saturday, April 19 2025 at 2:05 p.m. EDT

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