Property profile

113 Fenner Ave Fenner Ave Middletown, RI 02842

OFF-MARKET
Warehouses
Built 1890
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Year built 1890

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

113 Fenner Ave Fenner Ave Middletown, RI 02842
Middletown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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