Middletown Building for Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30543813
Property Subtypes: Executive Suites, Governmental, High-Tech, Medical, Flex Space, Office Building
Status: Pending
Building Size (RSF): 17,003 SF
Gross Building Area: See Agent
Gross Land Area: 60,984 SF
Sale Price: $2,150,000
Unit Price: $126.45 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/24/2021

Overview / Comments

An amazing opportunity to own your corporate headquarters. Property is ideally located on Aquidneck Avenue in the precise middle of the Island. Over 17,000 sq.ft. that can easily be sub-divided and leased to others for additional income. Ample parking on site. Property is highly visible and is supported by what is probably the best signage in the area. Ideal time to act as interest rates on the SBA 504 Plan loan are at record lows. Take advantage of a 25 year fixed rate loan with as little as 10% down. (see attachment below) Why rent when you can own? Lease options are also available. Call for details.

Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Tax ID/APN: MI 114 504
Property Located Between: Green End and East Main Road
Property Visibility: Excellent
Total Number of Buildings: 2
Number of Stories: 2
Total Parking Spaces: 60
Heat Type: Natural Gas

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,266 40,540 51,789
Median Age: 47.3 40.96 41.59
Households: 3,237 17,549 21,840


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