1259 Main RdMiddletown, RI 02842

Property Details for 1259 Main Rd

Year built

1850

Construction

FRAME

Lot size

5.75 AC

Property size (Sq ft)

12,520 SF

Zone code

GB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MIDD M:0106 B:00 L:85

APU

MIDDM0106B00L85

Description

This exceptional 1,484 square foot office suite is ideally situated just off West Main Road in Newport County. Located on the second floor, this single-tenant space offers a blend of functionality and modern aesthetics, perfect for a variety of businesses. The thoughtfully designed layout includes four private, enclosed offices, providing ample space for focused work and individual meetings. A spacious conference room is perfect for team gatherings, client presentations, and collaborative sessions. The suite's convenience is further enhanced by a well-equipped kitchenette and two bathrooms, ensuring comfort and practicality for occupants. Ample on-site parking is a significant advantage, eliminating the hassle of finding parking and providing a stress-free work environment. This property is suitable for growing startups, professional service firms, or any team seeking a modern and efficient workspace that combines comfort and productivity. The property is classified as a Traditional Office, Executive Office, and Creative Office space, offering versatility to suit diverse business needs. This turnkey solution provides a professional and productive environment in a highly desirable location. The space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,042,797

  6.5%

  $2,808,736

  7%

  $2,608,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,122,375

  Geo Method

  $4,122,375

• Alternative Use

  Use

  Valuation

  Residential

  $2,369,274

  Hospitality

  $2,170,242

  Educational

  $1,805,616

  Medical

  $1,867,714

  Retail

  $2,808,736

Location Insight

City

Middletown

County

Newport

State

Rhode Island

Latitude

41.5332

Longitude

-71.2898

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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