Hope Broadway Newport RI

Midtown Oyster Bar

{Photo via Libby Kirwin Real Estate Listing}

After several months of rumors around town regarding the possibility of a sale, Hope on Broadway is now officially listed for commercial sale.
The restaurant, located at 8 – 10 Broadway, has  been listed this week with Libby Kirwin Real Estate for $1.5 million. The sale does include the full liquor license, it is unclear in the listing description what else does come with the sale.

Property Description: “Opportunity awaits with Full liquor license included! Invest in Newport & be ready for the summer crowds!”

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Libby Kirwin Real Estate provided us with the following update on Friday afternoon

“Now is the time to invest in Newport & be ready for the summer crowds! This Broadway Ave. building is three stories (four including finished basement) with endless potential, that maxes out at 8,000 sq. ft. The sale will be turn key which includes ALL fixtures, furniture, appliances, a $5k Smith water heater, central beer and soda tap, POS System, Walk-In cooler, spacious kitchen, dishwasher, full ceiling sprinkler system, and more.

There is new slab in the alley way, all new sewer pipes, two foot concrete foundation footing, historical tin ceilings, and USB chargers built into concrete bar-top. Pool table is not included.

Building has potential for second and third floor windows and balconies. Office space potential, etc.

Serious investors please contact us for more photos!”

 

A sign on the door on Thursday stated that they were “closed for renovations, will re-open on Parade Day”, which is Saturday, March 12th.

After significant renovations and upgrades, Eric “Boofish” Barclay opened Hope in November of 2014. The space was previously occupied and called One Eighty.

See The Full ListingHOPE

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