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72 East Main Road Middletown, RI $ 1,175,000
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$ 1,175,000 Get more info
72 East Main Road
$ 1,175,000
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72 East Main Road

Middletown, RI, 02842
$ 1,175,000
Baths0.0 Sq 2,236

Monthly Estimate*

$ 7,809

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Studio

Commercial Property for sale in Middletown, RI

for $1,175,000. This 2,236 square foot building was built in 1950 on a lot size of 0.26.

Seize the rare opportunity to own a lucrative business and a commercial property with high visibility, traffic count, and ample 14-car parking, located in the heart of Aquidneck Island's bustling business center! This Prime commercial real estate is across from major retailers such as Shaw's, CVS, Verizon, BJ's, West Marine, and steps from the always busy 2 Mile Corner. Presently this well-established bakery/restaurant, with its warm inviting atmosphere, is ready for a new owner or let your imagination run wild with endless possibilities and many business opportunities for this prime commercial location. Don't miss out on the uniquely strong commercial surroundings and activity this property offers.

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Commercial Active

Price

$ 1,175,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,829

Style

Commercial

Lot Size

0.26

Year Built

1950

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1352280
Features
General
Sewer Connected PublicSewer StormSewer
Heating Baseboard HeatPump HotWater
Cooling Ductless WindowUnits WallUnits
Utilities ElectricityAvailable NaturalGasConnected MunicipalUtilities PhoneAvailable WaterConnected SewerConnected
Possession Negotiable
Zoning GBA
HOA 0.0
Security Features FireAlarm SmokeDetectors
Construction Materials Frame
Year Built 1950
Electric Item200AmpService CircuitBreakers
Property SubType Commercial
Tax Year 2023
Business Type Bakery FoodBeverage Restaurant
Community Features HighwayAccess PublicTransportation Restaurant Shopping HighTrafficLocation StreetLights Sidewalks
Business Name French Confection
County Newport
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Two mile corner
Possible Use Investment Office Retail
Garage Y/N N
Status Active
City Middletown
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 1
Lot Size Units SquareFeet
Lot Size Square Feet 11325.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 1
Street Name East Main
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 7829.69
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 14
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 418700
Tax Lot 53
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Interior
Basement Full
Furnished Y/N Furnished
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2236.0
Street Suffix Road
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Connected MultipleMeters Public
Total Parking 14.0
Inclusions See attached list
Lot Size Area 11325.0
Foundation Details ConcretePerimeter
Number of Buildings 1
Spa N
Building Area Total 2236.0
Lot Size Acres 0.26
Road Surface Type Asphalt Paved
Road Frontage Type CityStreet StateRoad
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 72
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* Excluded Features
List By
Re/Max Profnl. Newport, Inc.

Broker

annritterbusch@gmail.com

Email

Affordability Calculator

$8,462
Per Month
92%
8%
0%
Monthly Principal & Interest
$7,809
Monthly Property Taxes
$652
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/6/2024$1,175,000 Listed Price

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72 East Main Road, Middletown, RI, 02842 is a Commercial Property for sale at $1,175,000 with 2,236 sqft and a lot size of 0.26. 72 East Main Road is a studio with 0.0 baths and was built in 1950. The property's zip code is 02842 which is in Middletown, RI

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