499 Main RD Active

Middletown,RI 02842

$ 3250000

- Bed

0 Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Aquidneck/East Main

MLS Listing ID 1352152

Year Built 1930

Annual Tax Amount $36,465

Tax Year 2023

Lot Size 1.180 Acres

Property Description

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 and another 4000 square foot steel accessory building that could have many potential mixed uses. Approvals have been granted for 14 residential one bedroom units in the primary building and the new building is awaiting approvals for an additional 8 residential units of various sizes. 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!

Location

State RI

County Newport

Community Aquidneck/East Main

Zoning OBA

Interior

Heating Forced Air,Gas

Cooling Central Air

Exterior

Community Features High Traffic Location

Utilities Available Electricity Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected

Building

Lot Description Corner Lot

Building Description Frame,Other, Public Restrooms

Story 3

Foundation Concrete Perimeter,Slab

Sewer Connected

Water Connected,Public

Structure Type Frame,Other

New Construction Yes

Others

Acceptable Financing Lease Back

Listing Terms Lease Back

View More
Favorite Go Tour