1120 Aquidneck Ave Middletown, RI 02842-7285
- Showrooms
- 3,108 SF
- 0.30 lot acres
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
-
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
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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