For Sale
$649,000

861 Aquidneck AveMiddletown, RI 02842

18,279 SF Mixed-Use Opportunity in Middletown, RI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 18,279 square foot mixed-use property, located at 861 Aquidneck Avenue in Middletown, Rhode Island, presents a unique investment opportunity. Built in 1939, this single-story building sits on a sizable lot and offers versatile potential for a variety of uses, including commercial, medical office, executive office, residential, and even farming, thanks to its Limited Business Zone designation. The property has undergone recent significant upgrades, including a new roof, electrical line and box, a newly installed well water tank and city sewer connection, all-new windows, fresh paint, a modern kitchen, and a modern bathroom, as well as a new hot water boiler. Its prime location on Aquidneck Island provides easy access to Rhode Island's beautiful beaches and vibrant attractions. The property's proximity to Newport's waterfront, historic mansions, breweries, wineries, restaurants, cafes, parks, hiking trails, and downtown Newport adds significant value and appeal. This is an ideal opportunity to combine residential and business ventures in a desirable location. The property is zoned for limited business use, allowing for a blend of residential and commercial activities. While the square footage of the building itself is not specified, the expansive lot size offers ample space for development and expansion. This property is ready for immediate occupancy and offers a rare chance to own a piece of Aquidneck Island's thriving community.

Highlights

  • $649,000 asking price.
  • Mixed-use property encompassing land, office, and multifamily components.
  • 18,279 square foot lot.
  • Located at 861 Aquidneck Avenue, Middletown, RI 02842.
  • One-story, 1939-built building.
  • Recently renovated with a new roof, electrical upgrades, well water tank, sewer connection, windows, paint, kitchen, bathroom, and hot water boiler.

Property Details for 861 Aquidneck Ave

Property type
Office properties, Medical offices
Year Built
1939
Buildings
1
Stories
1

Location Insight

City
Middletown
County
Newport
State
Rhode Island
Latitude
41.5113935
Longitude
-71.2819224
861 Aquidneck Ave, Middletown, Rhode Island

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861 Aquidneck Ave
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