Overview
- Updated On:
- November 4, 2024
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!
Address: 499 Main Road
City: Middletown
Area: Aquidneck/East Main
State/County: Newport
Zip: 02842
Country: US
Open In Google Maps Property Id : 357395
Price: $ 3,250,000
Property Lot Size: 1 ft2
Basement: None
Bridge Modification Timestamp: 2024-11-04T14:23:57.545Z
Building Area Total: 0
Building Features: Garage,Restrooms,Security
Building Name: The Grange
Business Type: Assembly/Meeting Place,Bar/Tavern/Lounge,Barber/Beauty,Bed & Breakfast,Business Park,Commercial,Construction/Contractor,Fast Food,Food & Beverage,Office,Office Building,Restaurant,Spa,Storage,Tavern/Bar/Nightclub,Vacation Rental(s),Warehouse
Construction Materials: Frame
Contract Status Change Date: 2024-02-03
Cooling: Central Air
Door Features: Loading Door
Electric: 400 Amps,Circuit Breakers
Existing Lease Type: Gross
Foundation Details: Concrete Perimeter,Slab
Furnished: Unfurnished
Gas: Connected
Heating: Central Air,Forced Air,Gas Connected
Lease Assignable Y/N: 1
List Agent Direct Phone: 401-474-9191
List Agent Email: teri@teridegnan.com
List Agent Full Name: Teri Degnan
Listing Contract Date: 2024-02-03
Listing Id: 1352152
Living Area Units: Square Feet
Lot Features: Corner,Paved,Downtown
Lot Size Area: 51401
Lot Size Square Feet: 51401
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-11-04T14:19:38.410Z
Number Of Buildings: 2
Number of Units in Community: 0
Number of Units Leased: 4
Number of Units Total: 0
Occupant Type: Tenant
Original Entry Timestamp: 2024-02-03T15:20:47.733Z
Original List Price: 3995000
Parking Total: 40
Possible Use: Commercial,Development,Mixed Use,Office,Other,Recreational,Residential,Subdevelopment,Commercial
Road Frontage Type: High Traffic,Municipal
Road Surface Type: Concrete
Seating Capacity: 85
Security Features: Building Security,Closed Circuit Camera(s),Fire Alarm
Sewer: Connected
State or Province: RI
Status Change Timestamp: 2024-02-03T15:20:47.733Z
Stories Total: 3
Street Name: Main
Street Number: 499
Street Suffix: Road
Structure Type: Apartment
Tax Annual Amount: 36465
Tax Year: 2023
Utilities: Electricity Connected,Natural Gas Connected,Municipal Water
Water Source: Connected
Year Built: 1930
Years Current Owner: 3
Zoning: OBA
Other Features
Ceiling Height: 9-12 Ft
Electrical Utility Available
Has Cooling System
Has Heating System
New Construction
Property Attached
$ 12,600.89
per month- Principal and Interest
- Property Tax
- HOA fee
$ 12,600.89
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