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$4,500,000 Just Listed

  • For Sale
  • Active
  • Commercial Service
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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.

Full Property Details for 102 Connell Hwy

General

  • Price: $4,500,000
  • Taxes: $18,400 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: STWMLS
  • MLS ID: 1424155
  • Updated: 9/23/2026
  • Added to Site: 1 day(s) ago

Business

  • Name: Newport Playhouse
  • Business Type: Arts and Entertainment, Bar/Tavern/Lounge, Hospitali
  • Year Established: 1983
  • Seating Capacity: 470

Interior

  • Furnished: Yes
  • Furnishings: Furnished

Additional Information

  • Tennis: Yes
  • Security/Safety: Security System, Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Security Lights

Parking

  • Total Spaces: 50

Location

  • County: Newport
  • Near Highway: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Ductless, Central Air Conditioning
  • Heating Type: Central, Ductless, Forced Air, Gas

Utilities

  • Sewer: Connected
  • Water: Connected, Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Attached
  • Construction: Other
  • Basement Desc.: None
  • Stories/Levels: 1
  • Year Built: 1940
  • Other Struct. Feat.: Public Restrooms

Lot Features

  • Lot Size (Acres): 0.956
  • Lot Size (Sq. Ft.): 41,632
  • Lot Size: 41632
  • Frontage: State Road, Asphalt
  • Street Lights: Yes
  • Sidewalks: Yes
  • Potential Use: Commercial, Development, Investment, Mixed Use, Retail, Highway/Tourist Service

Financial Considerations

  • Tax Amount: $18,400
  • Tax Year: 2025

Disclosures and Reports

  • Documents Avail.: Aerial, Building Plans, Survey
  • Inclusions: Equipment / FF&E Included Restaurant & Kitchen Equipment: Commercial cooking line, hood and fire-suppression system, refrigeration/freezer equipment, prep stations, commercial dishwashing equipment, pizza oven, buffet/service equipment, bar equipment and related kitchen fixtures. Dining & Facility FF&E: Dining tables and chairs, bar furnishings, buffet/service furnishings, patio furnishings and other agreed restaurant fixtures. Theater & Entertainment Equipment: Stage and theatrical equipment, l
  • Property ID: 102CONNELLHWYNEWP
  • Lot Number: 309

Listed by RE/MAX Profnl. Newport, Inc.

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Listing agents

— 102 Connell Hwy —

  • RE/MAX Profnl. Newport, Inc.

  • RE/MAX Profnl. Newport, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 102 Connell Hwy

School District:Newport School District, Newport, RI
NameGradesDistance
Pell Elementary School
35 Dexter Street, Newport, RI 02840
PK-40.7 mi
Frank E. Thompson Middle School
55 Broadway, Newport, RI 02840
5-80.9 mi
Rogers High School
15 Wickham Road, Newport, RI 02840
9-122.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 102 Connell Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/23/2026
Listed
$4,500,000
400%
MLS
4/17/2025
Sold
$900,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 102 Connell Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,169
3%
$1,315,600
—
2024
$13,761
-20%
$1,315,600
14%
2023
$17,170
3%
$1,153,900
—
2022
$16,628
3%
$1,153,900
—
2021
$16,143
-8%
$1,153,900
2%
2020
$17,485
—
$1,133,900
—
2019
$17,485
3%
$1,133,900
—
2018
$16,986
13%
$1,133,900
17%
2017
$15,052
3%
$968,000
—
2016
$14,675
3%
$968,000
—
2015
$14,317
-1%
$968,000
11%
2014
$14,526
3%
$868,800
—
2013
$14,101
—
$868,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by RE/MAX Profnl. Newport, Inc.

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102 Connell Highway, Newport, RI 02840 (MLS# 1424155) is a Commercial Service property. 102 Connell Highway is currently listed for $4,500,000 and was received on September 23, 2026. Want to learn more about 102 Connell Highway? Do you have questions about finding other Commercial Service real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

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