460 E Main Rd Middletown, RI 02840
For Sale
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This exceptional offering presents a rare opportunity to acquire two adjacent, limited business-zoned properties in the desirable Middletown, RI location. The package includes 460 East Main Road, a 3,200 square foot, eight-office building situated on a 0.46-acre parcel. This building presents itself as an ideal space for a variety of professional uses, given its flexible layout and ample office space. Separately, but equally attractive, is 470 East Main Road, a meticulously maintained 3-bedroom, 2-bathroom Cape-style home spanning a 0.26-acre lot. Completely renovated in 2016, this residence boasts hardwood floors throughout, updated stainless steel appliances, elegant bluestone countertops, and a newer roof, windows, and heating system. The property's current use as a single-family home is easily adaptable to a multitude of commercial applications, thanks to the flexible zoning. The combined 4,796 square feet of space across both properties, situated on a total of 0.68 acres, offers significant potential for expansion, redevelopment, or continued use as a mixed-use property. This unique offering is priced at $1,644,000 and presents a compelling investment opportunity in a thriving Rhode Island community. The flexible zoning allows for a wide range of commercial ventures, making this an exceptional opportunity for both investors and business owners seeking a strategic location with significant upside.
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Newport Insurance Agency Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
LBA · Middletown, RIMiddletown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.