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    Modern Business and Storage Complex

    300 Coddington Highway Middletown, RI 02842

    300 Coddington Highway, Middletown, RI, 02842
    $399,900
    Pending
    For Sale
    Claim this Listing
    $399,900
    Pending

    COMMERCIAL - Middletown, RI

    Property Size1,142 SF
    Lot Size3.86 Acres
    AddedNov 18, 2025
    Days on Market239
    Last RefreshJul 15 at 6:06 am

    Property Features for 300 Coddington Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    LI2
    Parking
    120
    Interior features
    Ceiling Height (17 to 20 Ft)
    Standard status
    Pending
    Size
    1,142 SF
    Lot size
    3.86 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas

    Building Details

    Year built
    2026
    Floors in Building
    1
    Number of units
    1
    Building materials
    Frame

    Listing agent John Silvia

    Listing office Re/Max Profnl. Newport, Inc. 55 Memorial Blvd, Newport, RI

    Listing date Nov 18, 2025

    MLS# 1400247

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    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 in Middletown on 3.86 acres, this development offers amenities and access to the Middletown Corporate and Industrial Parks, Newport Pell Bridge, Naval Station Newport, and local businesses. The first building features units utilized for car vaults, trades, restaurant storage, and boat storage. The property offers customizable 30' x 40' tradesman units, each approximately 1,200 square feet. Units include 14' x 14' overhead garage doors and a private entry door, along with a floor drainage system. The design is mezzanine-ready for additional workspace or storage. The flexible layouts are suited for small business owners, craftspeople, artists, and general tradesmen. The property is zoned LI2.

    Key Highlights

    • Customizable 1,200 SF tradesman units ideal for entrepreneurs, tradesmen, and creatives.
    • Prime location in Middletown with easy access to corporate parks, Newport Pell Bridge, Naval Station Newport, and NUWC.
    • Flexible layouts suitable for various uses, including 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 $20.6k $18.00
    − Vacancy −$2.1k −$1.88
    EGI $18.4k $16.12
    − OpEx −$5.5k −$4.84
    NOI $12.9k $11.28
    1,142 SF · lease $18.00/SF/yr · vacancy 10.45% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $184.1K
    $161.1K – $214.8K (±1% cap)
    NOI $12,886 @ 7.0% cap · market cap 3.22%
    Second Best
    Flex RnD
    $100.9K
    $88.3K – $117.7K (±1% cap)
    NOI $7,061 @ 7.0% cap · market cap 1.77%
    Theoretical Best
    Multifamily LT 5
    $272.5K
    $238.4K – $317.9K (±1% cap)
    NOI $19,074 @ 7.0% cap · market cap 4.77%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Hair Salon Electrical Service HVAC Service Accounting Firm Nail Salon Daycare Center Furniture & Home Goods Carpet & Flooring Store Veterinary Clinic

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

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    Similar Off Market Nearby

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    FAQs

    What type of property is this?
    Flex space - Modern flex space in Middletown, RI, with customizable units.
    Where is this flex space located?
    The property is located at 300 Coddington Highway 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 location in Middletown with easy access to corporate parks, Newport Pell Bridge, Naval Station Newport, and NUWC.; Flexible layouts suitable for various uses, including car vaults, trades, restaurant storage, and boat storage.
    Contact an agent
    (401) 849-0100
    We can help!
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    John Silvia
    John Silvia
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