Lila Delman Real Estate International has announced that they have listed Perry Mill Wharf, located at the epicenter of downtown Newport, for $28 million.
“It’s exciting to be a part of the effort to advance one of the most important properties in Newport’s famed waterfront district,” said listing broker, Greg Arakelian, Lila Delman Real Estate International. “Every year Newport becomes more of an international destination, and the ability to put a Five Star hotel, a Michelin starred restaurant, and a luxury yacht marina all on one waterfront property with unsurpassed harbor views and within walking distance to everything downtown is a singular opportunity.”
John Hodnett, Principal Broker, Lila Delman Real Estate International, commented, “We continue to expand our presence in the commercial market by bringing Lila Delman Real Estate International’s signature marketing efforts to the interesting and unique opportunities within our region.”
The property is in the Waterfront Business Zone, which allows mixed-use commercial and residential, offices, retail sales, restaurant, marina, multi-family dwelling, transient guest facilities, and clubs for outdoor recreation. The lot contains 57,900 square feet with a 25 foot right of way to Thames Street. The site has approximately 1,000 linear feet of frontage on Newport Harbor and approximately 7,500 square feet of additional site area over the water on piles with a concrete slab. The site has approximately 43,000 square feet of paving at street grade and is level. Public utilities include sewer/water, gas, and electric.