Hogan Associates today announced the September 10 sale of 32-36 Franklin Street in Newport for $975,000.
Paul Tobak of the Tobak Group at Hogan Associates represented the Buyer and Kate Leonard and Shari Dailey of Lila Delman Real Estate represented the Seller, according to Hogan Associates.
The property description states, “This mixed-use building with street level retail space and 4 apartments above has 4 coveted off-street parking spaces and frontage on 2 streets. It is located in the highly visible Historic Hill section of Newport with pedestrian traffic making it ideal for a wide range of small businesses. The 1542 sq. ft. of first floor office/retail space was utilized by the previous owner and is currently available for lease”.
“I was happy to represent the Buyer in acquiring this unique property in a general business zone” said Paul Tobak, Broker Associate in a statement. “It was an exceptional opportunity that was not yet on the market and has great potential.”
Ryan Belmore is the Owner and Publisher of What'sUpNewp. He has been involved with What’sUpNewp since shortly after its launch in 2012, proudly leading it to be named Best Local News Blog in Rhode Island by Rhode Island Monthly readers in 2018, 2019, and 2020 and an honorable mention in the Common Good Awards in 2021.
He currently serves on the Board of Directors for Potter League For Animals. He previously served on the boards of Fort Adams Trust, Lucy's Hearth, and the Arts & Cultural Alliance for Newport County.
In 2020, he was named Member of the Year by LION and won the Arts & Cultural Alliance of Newport County's Dominque Award.
He is a member of Local Independent Online News (LION) Publishers, the Society of Professional Journalists, and the North American Snowsports Journalists Association.
Born and raised in Rhode Island, he spent 39 years living in Rhode Island before recently moving to Alexandria, Virginia, with his wife and two rescue dogs. He still considers Rhode Island home, and visits at least once a month.
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