113 Fenner Ave Fenner Ave Middletown, RI 02842
This exceptional 3.9-acre property, located at 113 Fenner Avenue in Middletown, Rhode Island (zip code 02842), presents a unique investment opportunity. Situated on the Newport/Middletown border, this centrally located parcel boasts a substantial 169,884 square foot lot. The property includes a single, one-story building constructed in 1890. Currently zoned R10, it benefits from a pre-existing, non-conforming use designation permitting a salvage yard, auto repair, and related automotive businesses. This rare find offers significant potential for a variety of commercial ventures, given its size and flexible zoning. The property's versatility allows for diverse uses, including but not limited to auto-related businesses, retail, office space, or even redevelopment. Its strategic location provides easy access to major transportation routes, enhancing its appeal to a wide range of potential buyers. The substantial lot size offers ample space for expansion or future development. This is a truly remarkable opportunity to acquire a large, well-positioned commercial property in a desirable Rhode Island location. The asking price is $3,650,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.