Price Reduction - New Construction
Address
499 Main Road, Middletown, RI
Price
$ 3,750,000
Property Attributes
- MLS#1352152
- TypeCommercial
- CountyNEWPORT
- CityMiddletown
- NeighborhoodAquidneck-East Main
- Zip02842
- StyleCommercial
- Year Built1930
- Taxes$ 36465
- Price$ 3,750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.18 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
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 (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!
| Price History | |
|---|---|
| 2/3/2024 | Listed $3,995,000 |
| 5/8/2024 | 7% - $3,750,000 |
General Features
| 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 | Yes |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Aquidneck/East Main |
| Possible Use | Commercial,Development,MixedUse,Office,Other,Residential,Recreational,Subdevelopment |
| Garage Y/N | Yes |
| Building Features | PublicRestrooms |
| Status | Active |
| City | Middletown |
| Buyer Agent Compensation | 2.0N |
| View Y/N | No |
| Senior Community Y/N | No |
| Lot Size Square Feet | 51401.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Number of Units Leased | 4 |
| Street Name | Main |
| Property Attached Y/N | Yes |
| Land Lease Y/N | No |
| Tax Annual Amount | 36465.0 |
| Home Warranty Y/N | No |
| Property Condition | UnderConstruction |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 95 |
| Structure Type | Apartment,Office |
| Lease Type | Gross |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Tax Assessed Value | 1950000 |
| Tax Lot | 27 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | None |
|---|---|
| Furnished Y/N | Unfurnished |
| Total Stories | 3 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 0.0 |
| Street Suffix | Road |
| Electric On Property Y/N | No |
| SeatingCapacity | 85 |
Exterior Features
| 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 | No |
| 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 | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02842
Price
Taxes
Visits
Year Built
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