Rare Newport, Rhode Island Wharf Development Opportunity
3/4± Acre Mixed Use Lot in Waterfront Business District
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with Option for Nine Adjacent Deep-Water Slips
March 6, 2013 (Newport, RI) — LandVest offers interested buyers the only vacant site of its size currently available in the Waterfront Business District of the downtown Newport market. Property includes option to acquire nine 40 to 50 foot deep-water slips owned by the Seller and available separately. The opportunity to combine the development of this site with adjacent private marina ownership is the rarest of opportunities currently available in the Newport market.
“This is a golden opportunity for anyone interested in Newport, particularly with Newport hosting such world-class sailing events,” said the listing broker Terry Boyle of LandVest, “There is nothing like it for sale.” The property is sited less than 10± feet from the waterfront of Newport Harbor. The property is an excellent development site with unobstructed westerly water views of Newport Harbor, Fort Adams, Goat Island, Jamestown, and Narragansett Bay. Development options on the site include residential, office, retail, or a mix of these uses. The site is zoned Waterfront Business with the potential to develop approximately 40,000± square feet of mixed-use space (33,198 sq. ft. x 0.40 lot area coverage x 3 floors). It is currently used as a recently upgraded commercial parking lot with signage on Thames Street.
Elizabeth Meyer, president of J-Class Management (the current owner of the property) and Founder of the International Yacht Restoration School, received the National Trust For Historic Preservation President’s Award for her work in restoration and education. “This parcel has unmatched potential for creating a great on-the-water development in America’s premier resort,” said Meyer.
About Newport: Internationally recognized as the sailing capital of the United States, Newport is home to the largest 12-Meter fleet in the world, as well as Sail Newport’s myriad sponsored regattas, the Classic Yacht Regatta, the New York Yacht Club Regattas and many of the world’s greatest sailors. Newport has just been awarded with hosting the only North American stop-off during the 2015 Volvo Ocean Race. On land, Newport is home to the International Tennis Hall of Fame, the Jazz and Folk Festivals, the Polo and Coaching events and to a greater number of original, pre-Revolutionary houses than any other city in the United States.
About LandVest: www.landvest.com LandVest Inc, founded in 1968, provides a comprehensive array real estate services to owners of and investors in high-quality real estate assets, specifically land, estates and distinctive homes, and investment timberland. LandVest has set industry standards across its three core business units – the Real Estate Consulting Group, Luxury Real Estate, and the Timberland Division.
Listing Broker Contact:
Terry Boyle
401-367-4070
Media Contact: For High Res Images
Andres Velandia
617-948-8075
