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201 Goddard Row Row, #201, Newport, RI, 02840 | $699,000
Looking for a great location for your commercial business? 201 Goddard Row, a corner unit at the north end of the row at Brick Market Place, is ideal. This year round destination consists of 25 retail and office condominiums, in 3 parallel rows on the street level and residential condos above. Located next to public parking and views of the Newport Harbor, foot traffic begins here. The front entrance is on Goddard Row the rear entrance is on Swans Row. One secure parking spot is included. With 1155 sq. ft. to work with, the open floor plan can be designed to meet your needs. The full basement measures the same. The current owner has been in this location since May of 1999 and has had much success. It's now time for a new owner to step in and begin their business. The condo fee for 2024 is $ 869. 67. Brick Market merchant association( $ 141. 06 per month) is active and has brought new activities for all to enjoy resulting in a destination for those visitors and residents alike. The Cruise ships are docked across the street at Perrotti Park. 63 Cruise ships are schedule to visit here from April until November. September and October are the most active months. Historical Washington Square is across the street along with eclectic boutiques , restaurants and the famous Jane Pickens Art House Venue. Gap and Banana Republic line the courtyard where live music can be heard . Many options bring many people including year round, seasonal or those enjoying Newport for the day.
Features
- Property Type: Commercial
- Permitted Use: Commercial,Office,Other,Retail
- Construction: Frame
- Utilities: Electricity Available,Natural Gas Not Available
- Parking: 1-car
- Heating: Forced Air,Individual,Zoned
- Cooling: Central Air,1 Unit
- Amenities: MaintenanceMarina,Maintenance On-Site,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),High Traffic Location,Street Lights,Sidewalks
- Units: 1
- Year Built: 1974
- Est. Taxes: $4,425
- HOA Fee: $870 Monthly
- Lot Desc: Corner Lot
- View: Water
- MLS#: 1371521
- Website: https://www.raveis.com
/prop/1371521/201goddardrowrow_newport_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
201 Goddard Row Row, #201, Newport, RI, 02840
$699,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
| Monthly Tax Payment | $369 | $369 | $369 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,862 | $3,767 | $4,757 |
| Total Monthly Payment | $4,323 | $4,228 | $5,218 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB