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0 W Main Rd - Old Farm Commons
71.19 Acres of Commercial Land Offered at $25,000,000 in Middletown, RI 02842
Investment Highlights
- 70+ acres ready for site development
- Superior water views
- Situated on Route 114 with Heavy Traffic
Executive Summary
Agricultural, Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Will subdivide a minimum 1 acre frontage or split.
Property Facts
Price | $25,000,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Commercial |
Sale Conditions | Lease Option | Proposed Use | |
No. Lots | 1 | Total Lot Size | 71.19 AC |
Price | $25,000,000 |
Sale Type | Investment |
Sale Conditions | Lease Option |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 71.19 AC |
1 Lot Available
Lot
Price | $25,000,000 | Lot Size | 71.19 AC |
Price Per AC | $351,173 |
Price | $25,000,000 |
Price Per AC | $351,173 |
Lot Size | 71.19 AC |
Over 70 acres ready for site development. Situated on Route 114 (West Main Road), directly enroute to downtown Newport, waterfront and historic mansions. All frontage can be leased. Please contact broker for more details.
Description
Over 70 acres ready for site development. Situated on Route 114 (West Main Road), directly enroute to downtown Newport, waterfront and historic mansions. There is a traffic light and planned turnoff lane into Old Farm Commons. In addition to having wonderful water views of Narragansett Bay and Wanumetonomy Golf Course, in the immediate vicinity there are apartments, offices, VA, and defense contractors. Also in close proximity are US Naval Base Newport and Access Road, Courtyard by Marriott, Stop & Shop, GNC, Barnes & Noble, Michaels, McDonalds, Cardi’s Furniture, BMW of Newport, Travelodge by Wyndham, Aldi, Staples, Home Depot and Newport State Airport. There will be a walking path leading from the Commons to the abutting buildings. Also, existing agricultural acreage with walking paths (west of the Golf Course) will be maintained. This location would bring in not only intentional customers from the Island locale and other areas of Newport County, but walk-in traffic as well. Various future development conceptual plans are available upon request.
PROPERTY TAXES
Parcel Number | MIDD-000106-000000-000055 | Improvements Assessment | $129,100 |
Land Assessment | $1,031,400 | Total Assessment | $1,160,500 |
PROPERTY TAXES
zoning
Zoning Code | GB (General Business) |
GB (General Business) |
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0 W Main Rd - Old Farm Commons
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