499 Main Road Middletown, RI $ 3,750,000
499 Main Road
$ 3,750,000
New Construction
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499 Main Road

Middletown, RI, 02842
$ 3,750,000
Baths0.0

Monthly Estimate*

$ 26,195

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Studio

Commercial Property for sale in Middletown, RI

for $3,750,000. This building was built in 1930 on a lot size of 1.18.

The Middletown Grange is 1.18 acres of prime commercial property centrally located on the corner of Aquidneck Ave and East Main Road. Currently set up with offices and a restaurant in one building (11,000 sq ft) and another 4000 square foot steel structure building in process that could have many mixed uses ranging from artisan workshops, extension of restaurant for catering, car storage and even residential and airbnb use. Additionally, the property allows for further development. Ample space for a pad site or a drive-through! Take advantage of the changes to the zoning codes and fully maximize this locations potential!

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Commercial Active

Price

$ 3,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 36,465

Style

Commercial

Lot Size

1.18

Year Built

1930

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1352152

Features
General
Sewer Connected
Heating ForcedAir Gas
Cooling CentralAir
Utilities ElectricityAvailable NaturalGasConnected MunicipalUtilities WaterConnected SewerConnected
Possession Negotiable RentalAgreement
Zoning OBA
Security Features ClosedCircuitCameras FireAlarm BuildingSecurity
Construction Materials Frame Other
Year Built 1930
Electric Item200AmpService CircuitBreakers
Stories 3
Levels ThreeOrMore
Property SubType Commercial
Tax Year 2023
Business Type BarberBeauty BedBreakfast BarTavernLounge ConstructionContractor FoodBeverage Restaurant Storage Warehouse
Community Features HighTrafficLocation
Building Name The Grange
County Newport
New Construction Y
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Aquidneck/East Main
Possible Use Commercial Development MixedUse Office Other Residential Recreational Subdevelopment
Garage Y/N Y
Building Features PublicRestrooms
Status Active
City Middletown
Buyer Agent Compensation 2.0N
View Y/N N
Senior Community Y/N N
Total Units 0
Lot Size Square Feet 51401.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name Main
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 36465.0
Home Warranty Y/N N
Property Condition UnderConstruction
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 95
Structure Type Apartment Office
Lease Type Gross
Standard Status Active
Occupancy Description Tenant
Tax Assessed Value 1950000
Tax Lot 27
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Interior
Basement None
Furnished Y/N Unfurnished
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 0.0
Street Suffix Road
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features CornerLot
Water Source Connected Public
Total Parking 40.0
Lot Size Area 51401.0
Foundation Details ConcretePerimeter Slab
Number of Buildings 2
Spa N
Building Area Total 0.0
Lot Size Acres 1.18
Road Surface Type Concrete Paved
Lot Size Units SquareFeet
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 499
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* Excluded Features
List By
Teri Degnan Re & Consulting

Broker

teri@teridegnan.com

Email

Affordability Calculator

$29,234
Per Month
90%
10%
0%
Monthly Principal & Interest
$26,195
Monthly Property Taxes
$3,039
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2024$3,750,000 -6.13% Price Down
2/3/2024$3,995,000 Listed Price

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499 Main Road, Middletown, RI, 02842 is a Commercial Property for sale at $3,750,000 with a lot size of 1.18. 499 Main Road is a studio with 0.0 baths and was built in 1930. The property's zip code is 02842 which is in Middletown, RI