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1120 Aquidneck Ave Middletown, RI 02842-7285

OFF-MARKET Showrooms Google Maps
3,108 SF 0.3 ac lot Built 1968
Entity Owned ~ Est. High Equity
Estimated value (blended)
$315k
Range $284k – $347k (±10%)
Property ID US76-0375948

Property summary

AI-generated overview

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

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,108 SF
Lot 0.3 ac (13,068 SF)
Zoning code LBA
APN MIDD M:0113 B:00 L:71
UPID US76-0375948

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Accounting Firm Tax Preparation
  • Accounting Firm Tax Preparation

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2025
3 recorded transactions
2025
$725,000
2016
Price N/A
1995
$210,000

Zoning & alternative use

LBA · Middletown, RI
Zoning description

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…

General category MIXED_USE

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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