Lease to Own
Address
72 East Main Road, Middletown, RI
Price
$ 1,175,000
Property Attributes
- MLS#1352280
- TypeCommercial
- CountyNEWPORT
- CityMiddletown
- NeighborhoodTwo mile corner
- Zip02842
- StyleCommercial
- Year Built1950
- Taxes$ 7829
- Price$ 1,175,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2236
- Lot Size11,326 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
Seize the rare opportunity to own a lucrative business and a commercial property with high visibility, traffic count, and ample 14-car parking, located in the heart of Aquidneck Island's bustling business center! This Prime commercial real estate is across from major retailers such as Shaw's, CVS, Verizon, BJ's, West Marine, and steps from the always busy 2 Mile Corner. Presently this well-established bakery/restaurant, with its warm inviting atmosphere, is ready for a new owner or let your imagination run wild with endless possibilities and many business opportunities for this prime commercial location. Don't miss out on the uniquely strong commercial surroundings and activity this property offers.
| Price History | |
|---|---|
| 2/6/2024 | Listed $1,175,000 |
General Features
| Sewer | Connected,PublicSewer,StormSewer |
|---|---|
| Heating | Baseboard,HeatPump,HotWater |
| Cooling | Ductless,WindowUnits,WallUnits |
| Utilities | ElectricityAvailable,NaturalGasConnected,MunicipalUtilities,PhoneAvailable,WaterConnected,SewerConnected |
| Possession | Negotiable |
| Zoning | GBA |
| HOA | 0.0 |
| Security Features | FireAlarm,SmokeDetectors |
| Construction Materials | Frame |
| Year Built | 1950 |
| Electric | Item200AmpService,CircuitBreakers |
| Property SubType | Commercial |
| Tax Year | 2023 |
| Business Type | Bakery,FoodBeverage,Restaurant |
| Community Features | HighwayAccess,PublicTransportation,Restaurant,Shopping,HighTrafficLocation,StreetLights,Sidewalks |
| Business Name | French Confection |
| County | Newport |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Two mile corner |
| Possible Use | Investment,Office,Retail |
| Garage Y/N | No |
| Status | Active |
| City | Middletown |
| Buyer Agent Compensation | 2.5% |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 1 |
| Lot Size Square Feet | 11325.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Number of Units Leased | 1 |
| Street Name | East Main |
| Property Attached Y/N | Yes |
| Land Lease Y/N | No |
| Tax Annual Amount | 7829.69 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 14 |
| Standard Status | Active |
| Occupancy Description | Owner |
| Tax Assessed Value | 418700 |
| Tax Lot | 53 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | Full |
|---|---|
| Furnished Y/N | Furnished |
| Total Stories | 2 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 2236.0 |
| Street Suffix | Road |
| Electric On Property Y/N | No |
| SeatingCapacity | 32 |
Exterior Features
| Water Source | Connected,MultipleMeters,Public |
|---|---|
| Total Parking | 14.0 |
| Inclusions | See attached list |
| Lot Size Area | 11325.0 |
| Foundation Details | ConcretePerimeter |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 2236.0 |
| Lot Size Acres | 0.26 |
| Road Surface Type | Asphalt,Paved |
| Lot Size Units | SquareFeet |
| Road Frontage Type | CityStreet,StateRoad |
| 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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