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499 E Main Rd 15,000 SF Retail Building Middletown, RI 02842 $2,950,000 ($196.67/SF)
INVESTMENT HIGHLIGHTS
- Located at the highly traveled intersection of East Main Road & Aquidneck Avenue
- The Barn: Application submitted for conversion to 8 apartments
- Property has 2 buildings: The Barn (Unfinished/Storage) & The Grange (Office/Restaurant -Fully Renovated 2020)
- Land Area 1.18 acres / Parking 32 Spaces
EXECUTIVE SUMMARY
2 Buildings
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1930/2020
Price
$2,950,000
Price Per SF
$196.67
Tenancy
Single
Building Height
3 Stories
Building FAR
0.29
Lot Size
1.18 AC
Zoning
OBA
Parking
32 Spaces (2.13 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MIDD-000113-000000-000027 | Improvements Assessment | $1,611,800 |
| Land Assessment | $703,000 | Total Assessment | $2,314,800 |
PROPERTY TAXES
Parcel Number
MIDD-000113-000000-000027
Land Assessment
$703,000
Improvements Assessment
$1,611,800
Total Assessment
$2,314,800
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499 E Main Rd
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