102 Connell Highway, Newport, RI 02840

Property 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.