CCertihomes
499 Main, Middletown, RI 02842

$3,750,000

0 beds 0 baths Built 1930Active

About this home

The Middletown Grange is 1.18 acres of prime commercial property centrally located on the corner of Aquidneck Ave and East Main Road. Currently set up with offices and a restaurant in one building (11, 000 sq ft) and another 4000 square foot steel structure building in process that could have many mixed uses ranging from artisan workshops, extension of restaurant for catering, car storage and even residential and airbnb use. Additionally, the property allows for further development. Ample space for a pad site or a drive-through! Take advantage of the changes to the zoning codes and fully maximize this locations potential!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$27,062/mo

Real estate (PITI + HOA + PMI)
$25,383
Principal + interest$17,008
Property tax + insurance$6,969
PMI / 2nd mortgage$1,406
Utilities
$5,735
Heating + cooling$2,721
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$27,062/mo TLC
Budget$27,562/mo
Remaining after TLC$500/mo
Purchase price
$3,750,000
Down payment
$187,500 (5%)
Loan amount
$3,562,500
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1930
Lot size
1.18 ac
Stories
0
Heating
Central Air, Forced Air, Gas Connected
Cooling
Central Air
Water
Connected
HOA
Annual tax
$36,465
MLS #
1352152
County
Newport

At a glance

Air conditioning
New construction

Home features

Interior
Ceiling Height: 9-12 Ft
Sewer
Connected

Lot features

Corner, Paved, Downtown

Neighborhood — 02842

MetricThis ZIPCountyUSA
Population15,0781,095,423299,088,112
Population Change Since1990-3.00%9.00%20.00%
Population Density1,196994
Male7,285529,266147,432,321
Female7,786566,157151,655,844
Never Married2,809266,40463,775,926
Married6,808435,678123,120,365
Separated49043,64212,639,686
Widowed79766,66815,467,586
Divorced1,15383,84323,075,029
Number Of House Hold5,533410,399111,826,380
Average House Hold Size2.662.562.60
Medial Age38.7437.2735.46
Median House Hold Income$54,937$47,553$48,276
Average House Hold Income$68,011$61,609$63,629
P C I$25,804$23,965$24,529
M D I$46,002$40,634$41,133
A T H E$53,925$49,940$50,898
S T R7.00%7.00%
W C J77.50%78.02%77.74%
(Zip) Code
2842

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 2/3/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.