For Sale
$950,000

149 Main RdMiddletown, RI 02842

High-visibility site, former restaurant, ideal for redevelopment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 37,897 square foot commercial lot, located at 149 W Main Road in Middletown, Rhode Island (zip code 02842), presents a unique redevelopment opportunity. The property boasts a highly desirable location on Middletown's main commercial thoroughfare, near the intersection of state routes 114 and 138. Its strategic position ensures high visibility and accessibility, surrounded by established national retail and professional businesses. The site's proximity to the Naval War College, CCRI Newport Campus, and Newport Grand further enhances its appeal. Previously occupied by a fast-food restaurant, the land is already cleared, graded, and environmentally clean, saving significant time and expense for future development. Key features include 131 feet of frontage, approximately 290 feet of depth, two curb cuts, and twelve high-intensity pole lamps. Utilities are readily available, including a well and municipal water, municipal sewer, public gas, and three-phase public electric service. The property is zoned OBA (office/business - traffic sensitive), offering flexibility for a variety of commercial uses. The site is also available for a net-net-net (NNN) land lease. This is an exceptional opportunity to acquire a prime commercial property in a thriving Rhode Island location.

Highlights

  • $950,000 asking price.
  • 37,897 sq ft lot, Middletown, RI.
  • High-visibility location on W Main Road, former McDonald's with two drive-thru lanes.
  • Cleared, graded, environmentally clean site with utilities available.
  • Zoned OBA (office/business - traffic sensitive); NNN land lease option available.
  • Excellent location near major routes, national retailers, and educational institutions.

Property Details for 149 Main Rd

Property type
Retail properties, Office properties

Location Insight

City
Middletown
County
Newport
State
Rhode Island
Latitude
41.509648
Longitude
-71.301395
149 Main Rd, Middletown, Rhode Island

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149 Main Rd
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