Outside dining at the Fifth Element. Photo: GoLocalProv The Fifth Element in Newport on Broadway is for sale -- along with the adjacent property zoned for hotel use. The restaurant and bar, its liquor license (plus inventory, equipment, and trademarks) and its adjacent property (known as Foley’s), which has been fully permitted for a 40-room boutique hotel, has just been listed for $5.1 million with Teri Degnan Real Estate & Consulting LTD. Owners Brad Cherevaty and Frank Doyle opened the original Fifth Element on Thames Street 17 years ago and moved the business to its current location at 111 Broadway in 2010. GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST