850 Aquidneck Ave - Medical FOR SALE


Middletown, RI 02842
$5,330,000 USD
781-776-4003
850 Aquidneck Ave, Middletown, RI for Sale
$5,330,000 USD
Medical - FOR SALE
1/6
null | 7.67% Cap Rate

850 Aquidneck Ave
Middletown, RI 02842


HIGHLIGHTS

  • Upside Potential
  • Strategic Location
  • Proximity to Newport & Portsmouth
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in Middletown Commons, a multi-tenant medical, retail and professional office center located at 850 Aquidneck Avenue in Middletown, Rhode Island (the “Property”). Middletown Commons was constructed in 1992 and is improved by a 41,490 square foot center on a large 4.76-acre parcel of land. The Property is 73.87% leased and offers significant upside through the lease-up of the vacant space. The Property offers a complimentary mix of tenants that serve the needs of the area residents. Middletown Commons benefits from a prime location along Aquidneck Avenue, one of the town’s primary commercial corridors, offering excellent frontage, visibility, and two convenient points of access. Positioned near the intersection with East Main Street (RI Route 138), the Property sits in the heart of Middletown’s retail trade area. The site is surrounded by a strong mix of national and local retailers, restaurants, schools, and established residential neighborhoods, generating consistent consumer traffic and supporting a stable built-in customer base. Located on Aquidneck Island, Middletown Commons is approximately three miles from Downtown Newport, seven miles from Portsmouth, and about 35 miles from Downtown Providence, providing strong connectivity to the island’s primary employment, tourism, and population centers. With its strategic placement within a well-established commercial corridor, the Property is well positioned to benefit from both local demand and regional visitor traffic.

FOR SALE DETAILS

PRICE

$5,330,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

7.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Middletown Commons

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.76 AC

LAND SF

207,346 SF

ZONING

LBA

APN/PARCEL ID

MIDD-000114-000000-000092C

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.