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Cleared Land with Utilities
For Sale
$950,000

149 W Main Road, Middletown, RI 02842

Cleared, graded land with utilities in commercial area.

Property SizeContact for details
Days on Market288

Property Features for 149 W Main Road

General Information

Standard status Active
Total Parking Spaces 10
Property subtype Commercial
Zoning OBA

Taxes and HOA fees

Annual Taxes $7,049
Listing Agency: Weichert REALTORS-Atlantic Prp
Listed By: Melissa Perdikakis · License #RES.0041919
Source: Liongatere
Added: Oct 29, 2025 Changed: Aug 8 Last Checked: Aug 8 at 6:57AM

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 Weichert REALTORS-Atlantic Prp

Investment Insights

Based on property information with market context.

This property is a cleared and graded site formerly occupied by a McDonald's restaurant. It features two drive-thru lanes and dimensions of approximately 131 feet of frontage by 290 feet of depth. The site is environmentally clean and includes two curb cuts and 12 high-intensity pole lamps. Available utilities include well and municipal water, municipal sewer, public gas, and public electric (3-phase). Zoned OBA (office/business - traffic sensitive), the site is suitable for a variety of commercial uses. The property is located in the heart of Middletown's main commercial area, near the convergence of state routes 114 and 138. It is surrounded by national retail and professional businesses and is 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 state routes 114 and 138.
  • Cleared, graded, and environmentally clean site ready for development.
  • Zoned OBA (office/business - traffic sensitive) offering versatile usage 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

83
Businesses Nearby

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, 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 state routes 114 and 138.; Cleared, graded, and environmentally clean site ready for development.; Zoned OBA (office/business - traffic sensitive) offering versatile usage options.
More about this property
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