149 Main RdMiddletown, RI 02842

Property Details for 149 Main Rd

Lot size

0.87 AC

Zone code

OBA

Property type

Commercial land

APN

MIDD M:0108 B:00 L:33

APU

MIDDM0108B00L33

Description

This exceptional 0.87-acre commercial lot, located at 149 W Main Road in Middletown, Rhode Island, presents a unique redevelopment opportunity. The property boasts 131 feet of frontage along West Main Road and extends approximately 290 feet in depth. Previously occupied by a McDonald's restaurant, the site features two existing drive-thru lanes, two curb cuts, and twelve high-intensity pole lamps. The land is cleared, graded, and environmentally clean, ensuring a streamlined development process. 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), reflecting its prime location within Middletown's main commercial corridor, near the intersection of state routes 114 and 138. This strategic location places the property in close proximity to a variety of national retail and professional businesses, as well as significant institutions such as the Naval War College, the Community College of Rhode Island (CCRI) Newport Campus, and Newport Grand. The property is offered for sale at $950,000, and a net-net-net (NNN) land lease option is also available. This presents a compelling investment opportunity for developers seeking a high-visibility site in a thriving commercial area.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,904,700

  Retail / Commercial

  $6,617,450

  Mixed-Use / Specialty

  $6,593,860

  Hospitality / Lodging

  $4,837,700

  Office

  $6,554,680

  Institutional / Educational

  $6,854,950

  Residential Income

  $8,020,300

  Multifamily

  $9,619,110

  Automotive / Energy

  $5,875,670

  Parking / Income-Based Land

  $2,027,620

  Restaurant / Food Service

  $3,429,520

  Healthcare / Senior Housing

  $6,761,880

Location Insight

City

Middletown

County

Newport

State

Rhode Island

Latitude

41.5096

Longitude

-71.3014

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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