Retail real estate can be sometimes hard to find in downtown Newport. Retail real estate with a patio, parking in the rear, heavy foot traffic and possibly of having between 1,095 sq. ft. or 2,300 sq.ft. is almost impossible to find.
Two spaces in the heart of Newport on busy Thames Street, formerly home of Newport Cotton Company and Orange Leaf, has become available for lease.
“The only prime retail space in Newport that offers its own brick patio for product display and seating. The space may be taken in its entirety or as two separate stores. Enjoy being on the street with Brooks Brothers, Starbucks, Brick Alley Pub and numerous national and local merchants. Property backs onto the Mary Street Parking Lot,” Kirby Properties, the listing agent, states in an email announcing that the “Prime Thames Street Retail” at 198 Thames Street is available.
The lease price is currently listed at $4,250 each plus property tax share (approximately $360 per month)- per unit. The right unit (Unit 1S) is approximately 1,095 sq.ft. and the left unit (Unit 1N) is approximately 1,219 sq.ft. Of course, there can be no direct competition with current tenants.
Newport Cotton Company had occupied the left unit (Unit 1N) at 198 Thames Street for several years and most recently leased the right unit (Unit 1S) after Orange Leaf closed in October 2015. Attempts at contact Newport Cotton Company to inquire about their future in Newport have been unsuccessful.
“Don’t miss out on this great opportunity to take over this downtown space. Either take the entire large space or half. Front and center, across from Brooks Brothers- near Starbucks, this great retail opportunity lends to heavy foot traffic and high visibility. Front brick patio is outstanding for sales and exposure,” the property listing states.
For more information and to see the commercial rental listing, visit http://www.kirbyprop.com/property/198-thames-st/.