For Sale
$875,000

1521 Main RdMiddletown, RI 02842

Executive Suites, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 2,029 square foot Class B office building, located at 1521 W Main Rd, Middletown, RI 02842, presents a lucrative investment opportunity. Built in 1930 and renovated in 2012, this single-story property boasts two 100% occupied executive suites, generating a strong cash flow. The building sits on a 13,068 square foot corner lot with ample parking (19 spaces) and benefits from a General Business (GBA) zoning designation. Its prime location across from a major shopping center on a heavily trafficked road with a traffic light ensures high visibility and accessibility. Features include a full basement, convenient side and front building access, and a handicapped-accessible walkway. The asking price is $875,000 ($431.25/sq ft), with a net-net lease structure and no rent bumps scheduled. The property is currently fully occupied until July 30, 2024. This is an ideal investment for those seeking a stable, high-return property in a desirable location.

Highlights

  • Excellent location for office or retail use.
  • High-traffic area with strong pedestrian and vehicular counts.
  • Modern building with updated systems and amenities.
  • Flexible floor plans to accommodate various business needs.
  • Competitive lease rates and flexible terms.

Property Details for 1521 Main Rd

Property type
Office properties
Square Feet
2,029 SF
Class
B
Year Built/Renovated
1930/2012
Buildings
1
Stories
1
Units
2

Location Insight

City
Middletown
County
Newport
State
Rhode Island
Latitude
41.5394957
Longitude
-71.2912345
1521 Main Rd, Middletown, Rhode Island

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1521 Main Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message