1120 Aquidneck Ave Middletown, RI 02842-7285
Property summary
This exceptional 3,108 square foot commercial building presents a unique investment opportunity in Middletown, Rhode Island. Situated on a 0.3-acre lot (13,068 square feet) at 1120 Aquidneck Avenue, this property boasts excellent street frontage and high visibility, directly across from Gaudet Middle School, ensuring consistent vehicle traffic exposure. Currently configured as a single office building, the interior features a versatile layout including a conference room, multiple offices of varying sizes, a small kitchenette, and two half bathrooms. The property's long history under single ownership marks its first time on the market in decades, offering a rare chance to acquire a well-established asset. The existing layout is easily adaptable, with potential for conversion back to its original configuration as two separate office units. Furthermore, the property's size and zoning allow for exploration of expansion possibilities, including the potential addition of a second-story residential component. This prime location and flexible space make it ideal for a variety of commercial uses, presenting a strong return on investment for the discerning buyer. The asking price is $1,000,000. This is a rare opportunity to acquire a well-located, adaptable commercial property in a thriving Rhode Island community.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Accounting Firm Tax Preparation
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Accounting Firm Tax Preparation
Value estimations
Owner & transaction history
Zoning & alternative use
This purpose of this district is established to provide areas for day to day localized shopping needs, convenience shopping services to neighborhood areas, and to provide limited specialized business uses in certain part…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LBA · Middletown, RIThis purpose of this district is established to provide areas for day to day localized shopping needs, convenience shopping services to neighborhood areas, and to provide limited specialized business uses in certain part…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for LBA in Middletown, RI.
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