1341 Main RdMiddletown, RI 02842

Property Details for 1341 Main Rd

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.77 AC

Property size (Sq ft)

15,440 SF

Zone code

GBA

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MIDD M:0112 B:00 L:5

APU

MIDDM0112B00L5

Description

This exceptional 1,350-square-foot office space is situated on the first floor of Airport Plaza, located at 1341 W Main Rd, Middletown, RI 02842. The property is classified as a single-tenant space offering a versatile blend of traditional and executive office layouts. Ideal for businesses requiring flexibility, this space features a convenient overhead door, making it suitable for various operational needs, including potential light warehouse or retail components. The strategic location on West Main Road provides excellent visibility and accessibility, ensuring convenience for both employees and clients. Ample parking is available for the building's occupants. The adaptable layout allows for customization to suit diverse business requirements. This property presents a unique opportunity for businesses seeking a well-located, versatile, and functional office space in Middletown, Rhode Island. The space is perfect for a variety of businesses seeking a combination of office and potential light industrial or retail space. Its prime location on a major thoroughfare ensures high visibility and easy access. The ample parking further enhances the convenience and appeal of this property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,752,459

  6.5%

  $3,463,808

  7%

  $3,216,394

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,083,824

  Geo Method

  $5,083,824

• Alternative Use

  Use

  Valuation

  Residential

  $2,921,852

  Hospitality

  $2,676,401

  Educational

  $2,226,734

  Medical

  $2,303,315

  Retail

  $3,463,808

Location Insight

City

Middletown

County

Newport

State

Rhode Island

Latitude

41.5357

Longitude

-71.2918

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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