Property profile

1341 Main Rd Middletown, RI 02842

OFF-MARKET
Showrooms
Property ID
US76-0376917
15,440 SF 0.77 ac lot Built 1980
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,350-square-foot office space is situated on the first floor of Airport Plaza, located at 1341 W Main Rd, Middletown, RI 02842. The property is classified as a single-tenant space offering a versatile blend of traditional and executive office layouts. Ideal for businesses requiring flexibility, this space features a convenient overhead door, making it suitable for various operational needs, including potential light warehouse or retail components. The strategic location on West Main Road provides excellent visibility and accessibility, ensuring convenience for both employees and clients. Ample parking is available for the building's occupants. The adaptable layout allows for customization to suit diverse business requirements. This property presents a unique opportunity for businesses seeking a well-located, versatile, and functional office space in Middletown, Rhode Island. The space is perfect for a variety of businesses seeking a combination of office and potential light industrial or retail space. Its prime location on a major thoroughfare ensures high visibility and easy access. The ample parking further enhances the convenience and appeal of this property.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,440 SF
Lot 0.77 ac (33,541 SF)
Zoning code GBA
APN MIDD M:0112 B:00 L:5
UPID US76-0376917

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
  • Kitchen & Bath Showroom Furniture & Home Goods
  • Physician
  • Training Center
  • Barber Shop
  • Atm Bank

Location

1341 Main Rd Middletown, RI 02842-6404
Middletown metro Census 40304 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$1.71M

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

GBA · Middletown, RI
Zoning description

This purpose of this district is established to provide areas for most retail, wholesale, and service businesses, serving both local as well as regional markets, Within the GB District, mixed use development projects are…

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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