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149 Main Rd Middletown, RI 02842

For Sale
$950,000

High-traffic location, ideal for redevelopment.

Description

Added:
Feb 3, 2025
Days on Market:
315
This exceptional 0.87-acre commercial lot, located at 149 W Main Road in Middletown, Rhode Island, presents a unique redevelopment opportunity. The property boasts 131 feet of frontage along West Main Road and extends approximately 290 feet in depth. Previously occupied by a McDonald's restaurant, the site features two existing drive-thru lanes, two curb cuts, and twelve high-intensity pole lamps. The land is cleared, graded, and environmentally clean, ensuring a streamlined development process. Utilities are readily available, including a well and municipal water, municipal sewer, public gas, and three-phase public electric service. The property is zoned OBA (Office/Business - Traffic Sensitive), reflecting its prime location within Middletown's main commercial corridor, near the intersection of state routes 114 and 138. This strategic location places the property in close proximity to a variety of national retail and professional businesses, as well as significant institutions such as the Naval War College, the Community College of Rhode Island (CCRI) Newport Campus, and Newport Grand. The property is offered for sale at $950,000, and a net-net-net (NNN) land lease option is also available. This presents a compelling investment opportunity for developers seeking a high-visibility site in a thriving commercial area.

Property Features for 149 Main Rd

General Information

Property type
Other commercial real estate
Lot Size
37,897 SF

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Middletown
County
Newport
State
Rhode Island
Longitude
-71.30139
Latitude
41.50964

FAQs

What type of property is this?
Commercial real estate - High-traffic location, ideal for redevelopment.
Where is this commercial real estate located?
The property is located at 149 Main Rd Middletown, RI.
What is the asking price?
The asking price for this property is $950,000.
More about this property
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