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About this home
Exceptional Property Offering in Newport, RI. Discover the epitome of prime real estate at 162 JT Connell Highway, Newport, RI 02840. Strategically located off the Newport Bridge and across from the bustling Newport Mall, this property offers unparalleled visibility and accessibility. Unique Zoning Advantage: Enjoy the flexibility of a unique zoning structure with zero setback requirements, providing endless possibilities for development and utilization. Expansive Lot: Sprawling over 24, 830 sq feet, this expansive lot is a canvas for your vision, accommodating various commercial or mixed-use ventures. Affordable: With annual taxes of only $6, 007, this property is a sound investment. Available for a negotiable long or short-term lease at $6500 per month, seize the opportunity to establish your presence in this vibrant community. Prime Location: Benefit from high foot traffic and a dynamic commercial environment, ensuring maximum exposure for your venture. Whether considering a long-term investment or seeking a strategic short-term lease, 162 JT Connell Highway is the canvas for your success. Contact us to explore this unique offering and make your mark in Newport's thriving business landscape.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
- Real estate (PITI + HOA + PMI)
- $169
- Utilities
- $311
- Transportation
- $129
- Other (entertainment)
- $127
Quick facts
Home features
Lot features
Downtown
Neighborhood — 02840
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 25,678 | 1,095,423 | 299,088,112 |
| Population Change Since1990 | -8.00% | 9.00% | 20.00% |
| Population Density | 3,344 | 994 | — |
| Male | 12,039 | 529,266 | 147,432,321 |
| Female | 13,562 | 566,157 | 151,655,844 |
| Never Married | 7,807 | 266,404 | 63,775,926 |
| Married | 8,167 | 435,678 | 123,120,365 |
| Separated | 1,473 | 43,642 | 12,639,686 |
| Widowed | 1,699 | 66,668 | 15,467,586 |
| Divorced | 2,691 | 83,843 | 23,075,029 |
| Number Of House Hold | 10,531 | 410,399 | 111,826,380 |
| Average House Hold Size | 2.27 | 2.56 | 2.60 |
| Medial Age | 38.52 | 37.27 | 35.46 |
| Median House Hold Income | $48,216 | $47,553 | $48,276 |
| Average House Hold Income | $65,270 | $61,609 | $63,629 |
| P C I | $28,066 | $23,965 | $24,529 |
| M D I | $41,065 | $40,634 | $41,133 |
| A T H E | $52,096 | $49,940 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 80.40% | 78.02% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 5/6/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.