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    499 E Main Rd Middletown, RI 02842

    For Sale
    $2,950,000

    Two buildings with office, restaurant space, and apartment conversion potential.

    Property size:
    15,000 SF
    Lot size:
    1.19 Acres

    Property Features for 499 E Main Rd

    General Information

    Size
    15,000 SF
    Lot size
    1.19 Acres

    Source: Hayes & Sherry Agent Matthew Fair

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Development Potential

    This property features two buildings: The Barn and The Grange. The Grange was fully renovated in 2020, including new mechanical infrastructure, and is currently built-out with a mix of office and restaurant space. The Barn is unfinished and is currently used for storage. An application has been submitted for its conversion into eight apartments. The property has a total size of 15000 square feet and is located in Middletown, RI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Salt Spa Suite ... Spa The Little Things LLC|Salon ... Beauty Salon J2 Construct Custom Home Builder

    Suggested Use

    Law Firm Realty agency 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
    -71.2841595
    Latitude
    41.5209509

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    FAQs

    What type of property is this?
    Office space - Two buildings with office, restaurant space, and apartment conversion potential.
    Where is this office space located?
    The property is located at 499 E Main Rd Middletown, RI.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - The Grange was fully renovated in 2020 with all new mechanical infrastructure.; - The property is comprised of two buildings.; - The Grange is currently built-out with a mix of office and restaurant space.
    (401) 273-1980
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    499 E Main Rd Middletown, RI 02842
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    Middletown, RI 02842
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    499 E Main Rd Middletown, RI 02842
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