127 Johnny Cake Hill RdMiddletown, RI 02842

Property Details for 127 Johnny Cake Hill Rd

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.71 AC

Property size (Sq ft)

11,848 SF

Zone code

OP

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MIDD M:0115 B:00 L:36

APU

MIDDM0115B00L36

Description

This exceptional Middletown, Rhode Island office building, located at 127 Johnny Cake Hill Road, offers 11,848 square feet of versatile space ideal for businesses of all sizes. Built in 1980 and zoned OP - Office Park, this property boasts a flexible layout, accommodating various needs. Multiple tenancy options are available, with suites ranging from a minimum of 2,320 square feet to a maximum contiguous space of 5,720 square feet. Currently, 11,133 square feet are vacant, presenting a significant opportunity for immediate occupancy. The property is situated in Newport County, Rhode Island, with easy access to local amenities and transportation. This traditional office space, also suitable for executive offices, offers affordable lease rates for terms up to three years. The building's adaptable design allows for customization to meet specific business requirements, making it an attractive option for both startups and established companies seeking a prime location in a thriving business community. The property's address is 127 Johnny Cake Hill, Middletown, RI 02842. This is a rare opportunity to secure a substantial and adaptable office space in a desirable location. Don't miss this chance to establish your business in a sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,962,904

  6.5%

  $2,734,988

  7%

  $2,539,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,901,110

  Geo Method

  $3,901,110

• Alternative Use

  Use

  Valuation

  Residential

  $2,307,065

  Hospitality

  $2,113,259

  Educational

  $1,758,207

  Medical

  $1,818,674

  Retail

  $2,734,988

Location Insight

City

Middletown

County

Newport

State

Rhode Island

Latitude

41.5031

Longitude

-71.2838

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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