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Cleared Land with Utilities
For Sale
$950,000

149 W Main Road Middletown, Middletown, RI 02842

Cleared, graded land with utilities in commercial area.

Property SizeContact for details
Days on Market105

Property Features for 149 W Main Road Middletown

General Information

Standard status Active
Listing Agency:
Listed By: Brian DaSilva
Source: Milestonerealtyinc
Added: May 16 Changed: Jul 6 Last Checked: Aug 28 at 7:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brian DaSilva

Investment Insights

Based on property information with market context.

This cleared and graded land, formerly a McDonald's site, features two drive-thru lanes. The site has a frontage of 131 feet and a depth of approximately 290 feet. It is environmentally clean and includes two curb cuts and 12 high-intensity pole lamps. Available utilities consist of well and municipal water, municipal sewer, public gas, and public electric (3-phase). Zoned OBA (office/business - traffic sensitive), the site is located in the heart of Middletown's main commercial area, near the convergence of state routes 114 and 138. The surrounding area includes national retail and professional businesses. It is also located close to the Naval War College, CCRI Newport Campus, and Newport Grand. The site is also offered for NNN land lease.

Key Highlights

  • Prime location in the heart of Middletown's main commercial artery, near major state routes.
  • Cleared, graded, and environmentally clean site ready for development.
  • Zoned OBA (office/business - traffic sensitive) offering versatile development options.

Property Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Law Firm HVAC Service Electrical Service Garden Center Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

612
Businesses Nearby
72k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 52% Shops & Services 26% Hotels & Casinos 14% Electronics 6%
Chipotle Mexican Grill Dining
9,617 visits/mo 0.5 miles
Sunoco Shops & Services
7,404 visits/mo 0.4 miles
Applebee's Dining
6,792 visits/mo 0.4 miles
IHOP Dining
6,201 visits/mo 0.0 miles
Newport Creamery Dining
6,003 visits/mo 0.1 miles

Demographics for 02842, RI

17,115
Population
8,255
Households
2.1
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,369
Density / Sq Mi
$97,650
Median Household Income
$47,307
Median Earnings
$1,906
Median Rent
$536,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Cleared, graded land with utilities in commercial area.
Where is this drive through restaurant located?
The property is located at 149 W Main Road Middletown Middletown, RI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location in the heart of Middletown's main commercial artery, near major state routes.; Cleared, graded, and environmentally clean site ready for development.; Zoned OBA (office/business - traffic sensitive) offering versatile development options.
More about this property
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