861 Aquidneck Ave Middletown, RI 02842
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.