Modern Business and Storage
300 Coddington Highway #205 Middletown, RI 02842
300 Coddington Highway #205, Middletown, RI, 02842
$399,900
For Sale
$399,900
Modern business and storage complex in Middletown, RI for sale.
Property Size1,200 SF
Lot Size3.86 Acres
Price / SF$333.25
Days on Market163
Property Features for 300 Coddington Highway #205
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 3.86 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing Agency
RE/MAX Profnl. Newport, Inc.
(401) 862-3883
Listed by
John Silvia
(401) 862-3883
Source
Liongatere
Added: Feb 3 Checked: Jul 16 at 10:24 am
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 RE/MAX Profnl. Newport, Inc.
Investment Insights
Based on property information with market context.
Coddington Cove Commons is a modern business and storage complex designed for entrepreneurs, tradesmen, and creatives. Located on 3.86 acres in Middletown, this development offers amenities and access to the Middletown Corporate and Industrial Parks, Newport Pell Bridge, Naval Station Newport, NUWC, and local businesses. The first building has units under contract for car vaults and caves, various trades, restaurant storage, and boat storage. The customizable 30' x 40' tradesman units offer approximately 1,200 SF of space each, featuring 14' x 14' overhead garage doors and a private entry door. The units also include a floor drainage system and a mezzanine-ready design for additional workspace or storage. Flexible layouts are available to suit small business owners, craftspeople, artists, and general tradesmen. Building #2 is now available.
Key Highlights
- Customizable 1,200 SF tradesman units ideal for entrepreneurs, tradesmen, and creatives.
- Prime Middletown location with easy access to corporate parks, Newport Pell Bridge, Naval Station Newport, and NUWC.
- Flexible layouts suitable for car vaults, trades, restaurant storage, and boat storage.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $18.00 |
| − Vacancy | −$2.3k | −$1.88 |
| EGI | $19.3k | $16.12 |
| − OpEx | −$5.8k | −$4.84 |
| NOI | $13.5k | $11.28 |
1,200 SF · lease $18.00/SF/yr · vacancy 10.45% · expense 30.00%
Alternative Uses
Best Use
Retail
$193.4K
$169.3K – $225.7K
NOI $13,540 @ 7.0% cap · market cap 3.39%
Second Best
Flex RnD
$106.0K
$92.7K – $123.7K
NOI $7,419 @ 7.0% cap · market cap 1.86%
Theoretical Best
Multifamily LT 5
$286.3K
$250.5K – $334.1K
NOI $20,043 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Kitchen Companion Catering — 4 Coddington Hwy, Middletown, RI 02842
- Audrain Hospitality — 256 Maple Ave, Newport, RI 02840
FAQs
What type of property is this?
Flex space - Modern business and storage complex in Middletown, RI for sale.
Where is this flex space located?
The property is located at 300 Coddington Highway #205 Middletown, RI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Customizable 1,200 SF tradesman units ideal for entrepreneurs, tradesmen, and creatives.; Prime Middletown location with easy access to corporate parks, Newport Pell Bridge, Naval Station Newport, and NUWC.; Flexible layouts suitable for car vaults, trades, restaurant storage, and boat storage.
