Tobak of Hogan Associates facilitates the $975,000 sale of 32-36 Franklin St., Newport

Newport, RI Hogan Associates completed the sale of 32-36 Franklin St., for $975,000. Paul Tobak of the Tobak Group at Hogan Associates represented the buyer. Kate Leonard and Shari Dailey of Lila Delman Real Estate represented the seller. 

This mixed-use building with street level retail space and four apartments above has four coveted off-street parking spaces and frontage on two streets. It is located in the Historic Hill section of town with pedestrian traffic making it ideal for a wide range of small businesses. The 1,542 s/f 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 Tobak. “It was an exceptional opportunity that was not yet on the market and has great potential.”