About This Home

This 0-bedroom, 0-bathroom commercial at 102 Connell Highway in Newport, RI is listed for $4,500,000. Built in 1940, on a 0.96 acres lot.

Key Features

  • Built in 1940
  • 0.96 acre lot
  • 50 parking spaces

Property Details

1 story
50 spaces
1940

Amenities

A/C
Listing Description

Rare Newport Hospitality & Entertainment Opportunity. Available turnkey restaurant, entertainment venue and commercial real estate at 102-104 JT Connell Highway. Approximately 8,700 SF on nearly one acre (0.956 AC) with excellent visibility and a 2025 traffic count of 19,686 vehicles per day.

Currently home to the Newport Playhouse & Cabaret Restaurant, the property features a 165-seat theater, extensive dining and bar areas, commercial kitchen, outdoor patio, backstage/support areas and substantial on-site parking. Sale includes extensive restaurant, dining and theater FF&E, subject to final inventory and exclusions.

Class BV full beverage liquor license available. The established Newport Playhouse business, brand and agreed operating assets may also be included, creating a unique turnkey opportunity for restaurant, hospitality, entertainment, event or dinner-theater operators. Convenient access to Downtown Newport, Pell Bridge and Middletown. Real estate $4,500,000; liquor license $500,000; total offering $5,000,000. Private showings by appointment only.

Monthly Cost Estimate

$24,067/mo

20% down · 6.5% · 30 years

Principal$3,254
Interest$19,500
Insurance$1,313

Estimates only. Actual payments may vary.

Location

102 Connell Highway

Newport, RI 02840

Features & Amenities

Interior Features

Ceiling Height (9 to 12 Ft)

Property Details

Heating

Natural GasCentralForced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 102 Connell Highway is listed at $4,500,000. The estimated monthly payment is $24,067 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.96 acre lot, 50 parking spaces. Interior Features: Ceiling Height (9 to 12 Ft).

This property is listed by Jonathan Perry.

JP

Jonathan Perry

Agent at ReMax Professionals of Newport

Listed by ReMax Professionals of Newport · Broker phone: (401) 849-0100 · Broker website

MLS# 1424155· Source: State Wide MLS of Rhode Island, Inc.· 36 days on PropertySimple

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

102 Connell Highway, Newport, RI 02840

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