Street-Front Retail Flex
300 Coddington Highway Middletown, RI 02842
300 Coddington Highway, Middletown, RI, 02842
$450,000
For Sale
$450,000
Street-front unit with expansive glass windows and a private entry plus overhead garage door access.
Property Size1,200 SF
Lot Size3.86 Acres
Price / SF$375
Days on Market76
Property Features for 300 Coddington Highway
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 3.86 Acres
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 2026
Listing agency
RE/MAX
(401) 848-6763
Listed by
John Silvia
(401) 848-6763
Source
Remaxcommercial
Added: May 7 Updated: Jul 20 at 9:02PM Checked: Jul 21 at 3:01AM
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
Investment Insights
Based on property information with market context.
Coddington Cove Commons Unit 201 is a street-front retail flex unit within a modern business and storage complex. The unit is designed with expansive glass windows intended to showcase a business, supported by a layout that includes a private entry door and overhead garage door access. The overall development also features mezzanine-ready design for additional workspace or storage, along with flexible configurations intended to support trades, creative uses, and other general business needs.
The project is set on a 3.86-acre parcel in Middletown and is positioned for access to the Middletown Corporate and Industrial Parks as well as regional destinations including the Newport Pell Bridge and Naval Station Newport/NUWC. According to the remarks, other units within the complex are already being used for concepts such as car vaults and caves, various trades, and restaurant storage, along with boat storage.
Assessed value is noted as reflecting the entire parcel of land rather than individual unit pricing, and the remarks also reference availability in Building #2.
The project is set on a 3.86-acre parcel in Middletown and is positioned for access to the Middletown Corporate and Industrial Parks as well as regional destinations including the Newport Pell Bridge and Naval Station Newport/NUWC. According to the remarks, other units within the complex are already being used for concepts such as car vaults and caves, various trades, and restaurant storage, along with boat storage.
Assessed value is noted as reflecting the entire parcel of land rather than individual unit pricing, and the remarks also reference availability in Building #2.
Key Highlights
- Street‑front retail unit with expansive glass windows for natural light and business visibility.
- Private entry plus 14' x 14' overhead garage door access.
- Customizable 30' x 40' tradesman unit size (approx. 1,200 SF each).
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 3.01%
Second Best
Flex RnD
$106.0K
$92.7K – $123.7K
NOI $7,419 @ 7.0% cap · market cap 1.65%
Theoretical Best
Multifamily LT 5
$286.3K
$250.5K – $334.1K
NOI $20,043 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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 - Street-front unit with expansive glass windows and a private entry plus overhead garage door access.
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 $450,000.
What are key features of this property?
This property features: Street‑front retail unit with expansive glass windows for natural light and business visibility.; Private entry plus 14' x 14' overhead garage door access.; Customizable 30' x 40' tradesman unit size (approx. 1,200 SF each).
