High Traffic Automotive or Retail for Sale!

Retail-Commercial for Sale
Catylist Listing ID: 30660114
Property Subtypes: Retail-Pad, Street Retail, Vehicle Related
Building Size (RSF): 11,584 SF
Gross Land Area: 71,874 SF
Sale Price: $2,750,000
Unit Price: $237.40 PSF
Property Use Type: Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/19/2020

Overview / Comments

Amazing opportunity to own and develop this spectacular property in the heart of Middletown’s high traffic retail area. This 11,584 s.ft. building sits on 1.65 acres of General Business zoned land. Currently a prestigious car dealership that can easily be transformed to numerous automotive, retail or food service uses. Zoning allows for expansion if you need more. The current Hyundai Dealership will be moving down the street to their new expanded showroom in 2022. Until then they will be paying the new owner a NNN lease. Take the income while you plan!

Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Tax ID/APN: MI 106 111
Largest Nearby Street: West Main Road
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1970

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,650 39,958 58,281
Median Age: 39.15 41.5 42.27
Households: 2,779 16,801 24,590

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