345 Valley RdMiddletown, RI 02842

Property Details for 345 Valley Rd

Year built

1991

Construction

FRAME

Lot size

1.42 AC

Property size (Sq ft)

6,577 SF

Zone code

OBA

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MIDD M:0114 B:00 L:1C

APU

MIDDM0114B00L1C

Description

This exceptional 7,522 square foot commercial building presents a remarkable opportunity for businesses seeking a prominent presence on Aquidneck Island. Located at 345 Valley Road in Middletown, Rhode Island, this property boasts a prime location with excellent visibility and accessibility. The building offers ample leasable space, perfect for a variety of commercial uses, particularly medical offices. Features include high ceilings, abundant natural light from numerous windows, and efficient egress for easy access and flow. The building is equipped with gas heating and central air conditioning for year-round comfort. Multiple bathrooms cater to the needs of staff and clients. The expansive 1.42-acre lot provides extensive parking, a significant advantage in a high-traffic area. The existing structure offers immediate occupancy, while the property's design allows for potential expansion, providing future growth opportunities. This is an ideal location to establish or expand your business, offering a combination of functionality, comfort, and visibility in a highly desirable area. The asking price is $2,250,000. Don't miss this chance to secure your Aquidneck Island headquarters.

• CAP approach

  CAP return

  Valuation

  6%

  $1,598,441

  6.5%

  $1,475,484

  7%

  $1,370,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,165,564

  Geo Method

  $2,165,564

• Alternative Use

  Use

  Valuation

  Residential

  $1,244,626

  Hospitality

  $1,140,070

  Educational

  $948,525

  Medical

  $981,146

  Retail

  $1,475,484

Location Insight

City

Middletown

County

Newport

State

Rhode Island

Latitude

41.5098

Longitude

-71.2907

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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