Presenting an exceptional investment opportunity on Newport's prestigious Bellevue Avenue: a 13,719 square foot mixed-use building complemented by a spacious 4,340 square foot parking lot located on neighboring Prospect Hill. This prime commercial property features 12 well-maintained residential apartments with strong rental history and 4 commercial spaces, including 1 vacant restaurant space (2,000 SqFt, plus an additional 800 SqFt of basement storage). The property includes a valuable full beverage liquor license, providing significant potential for the restaurant space or as an additional asset. The parking lot offers 14 spaces at '0' Prospect Hill, a substantial amenity in Newport. Situated in a high-traffic area surrounded by upscale establishments, this property presents multiple income streams and development possibilities. Current tenants provide consistent revenue, while the vacant restaurant space offers potential for additional income.