Street-Front Tradesman Retail
For Sale
$450,000
300 Coddington Highway Unit 201, Middletown, RI 02842
Street-front unit with expansive glass windows, a private entry, and a 14' x 14' overhead garage door.
Property Size1,200 SF
Lot Size3.86 Acres
Price / SF$375
Days on Market279
Property Features for 300 Coddington Highway Unit 201
General Information
Standard status
Active
Size
1,200 SF
Lot size
3.86 Acres
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
2026
Listing Agency:
RE/MAX Profnl. Newport,Inc.
Listed By:
John Silvia
(401) 619-8222
Source:
Teridegnan
Added: Oct 26, 2025
Changed: Jul 27
Last Checked: Jul 30 at 5:33PM
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 offers a street-front retail unit designed for trades, business, and storage use within a modern business and storage complex. The space features expansive glass windows for customer-facing visibility, along with a private entry door and a spacious 14' x 14' overhead garage door. The unit is described as a customizable tradesman configuration with floor drainage and a mezzanine-ready design for additional workspace or storage. Flexible layouts are supported to accommodate a range of small business and general trades needs.
The development is positioned for access to the Middletown Corporate and Industrial Parks, the Newport Pell Bridge, Naval Station Newport, and NUWC. The offering notes that Building #2 is available.
Each tradesman unit is described as approximately 30' x 40' (about 1,200 SF each) and is supported by a flexible configuration intended to meet day-to-day operational requirements for businesses that need both customer frontage and functional storage/work space. The remarks also note that the assessed value reflects the entire parcel of land rather than individual unit pricing.
The development is positioned for access to the Middletown Corporate and Industrial Parks, the Newport Pell Bridge, Naval Station Newport, and NUWC. The offering notes that Building #2 is available.
Each tradesman unit is described as approximately 30' x 40' (about 1,200 SF each) and is supported by a flexible configuration intended to meet day-to-day operational requirements for businesses that need both customer frontage and functional storage/work space. The remarks also note that the assessed value reflects the entire parcel of land rather than individual unit pricing.
Key Highlights
- Street‑front retail unit with expansive glass windows and private entry door for customer access
- Includes a 14' x 14' overhead garage door plus a private entry door
- Customizable 30' x 40' tradesman unit design (approx. 1,200 SF each)
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kitchen Companion Catering — 4 Coddington Hwy, Middletown, RI 02842
- Audrain Hospitality — 256 Maple Ave, Newport, RI 02840
Frequently Asked Questions
What type of property is this?
Flex space - Street-front unit with expansive glass windows, a private entry, and a 14' x 14' overhead garage door.
Where is this flex space located?
The property is located at 300 Coddington Highway Unit 201 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 and private entry door for customer access; Includes a 14' x 14' overhead garage door plus a private entry door; Customizable 30' x 40' tradesman unit design (approx. 1,200 SF each)
