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Property profile & analytics
OFF-MARKET
Medical Office Space

861 Aquidneck Ave Middletown, RI 02842

Built 1939
Property ID
US76-0298006
Property summary
AI-generated overview

This exceptional 18,279 square foot mixed-use property, located at 861 Aquidneck Avenue in Middletown, Rhode Island, presents a unique investment opportunity. Built in 1939, this single-story building sits on a sizable lot and offers versatile potential for a variety of uses, including commercial, medical office, executive office, residential, and even farming, thanks to its Limited Business Zone designation. The property has undergone recent significant upgrades, including a new roof, electrical line and box, a newly installed well water tank and city sewer connection, all-new windows, fresh paint, a modern kitchen, and a modern bathroom, as well as a new hot water boiler. Its prime location on Aquidneck Island provides easy access to Rhode Island's beautiful beaches and vibrant attractions. The property's proximity to Newport's waterfront, historic mansions, breweries, wineries, restaurants, cafes, parks, hiking trails, and downtown Newport adds significant value and appeal. This is an ideal opportunity to combine residential and business ventures in a desirable location. The property is zoned for limited business use, allowing for a blend of residential and commercial activities. While the square footage of the building itself is not specified, the expansive lot size offers ample space for development and expansion. This property is ready for immediate occupancy and offers a rare chance to own a piece of Aquidneck Island's thriving community.

Property profile
Verified
Property type Medical Office Space
Year built 1939
UPID US76-0298006
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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