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Property profile & analytics

1120 Aquidneck Ave Middletown, RI 02842-7285

  • Showrooms
  • 3,108 SF
  • 0.30 lot acres
OFF-MARKET
Value Estimations
$360,000
Show details
Cap Rate Potential
10%
Showrooms
Location Intelligence
Property ID
US76-0375948
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Newport Financial Associates / Financial Planner / Life Insurance Agency
  • Flynn Financial Group Inc. / Financial Planner / Accountant
  • Paul F Solecki Jr Ltd / Accountant

Property Details for 1120 Aquidneck Ave

Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.30 lot acres
Property size
3,108 SF
Zone code
LBA
Property type
Showrooms
APN
MIDD M:0113 B:00 L:71
APU
MIDDM0113B00L71

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $315,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $525,000
    6.5%
    $485,000
    7%
    $450,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $318,000
    Market price range: $127k - $617k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Middletown
County
Newport
State
Rhode Island
Longitude
-71.2835
Latitude
41.5183
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,595
$344,300
$240,800
$585,100
-
$0.00
$0.00
$0.00
More about this property
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