1733 West Main Street

Vacant Land for Sale
Catylist Listing ID: 30051868
Property Subtypes: Industrial, Office, Self Storage, Other
Gross Land Area: 3.34 Acres
Sale Price: $799,000
Unit Price: $239,221 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/23/2017

Overview / Comments

Located just north of the Newport State Airport along one of the most traveled roadways in Middletown, this Light Industrial parcel of land is prime for new commercial development. The site contains 515± feet of frontage along West Main Road providing optimal exposure and access. The LI zoning district allows for various uses including some manufacturing, wholesale distribution, warehousing, equipment rental and R&D offices. The Town of Middletown also offers attractive tax incentive programs for new construction and job creation.

Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Zoning: LI - LIGHT INDUSTRIAL
Property Visibility: Excellent
Feet of Frontage: 545
Traffic/Vehicle Count: 18,000
Site Description: The property is located on the western side of West Main Road which has a traffic count of 18,000 vehicles per day, increasing in the summer season. The site contains 515± feet of frontage and 3.34± acres of Light Industrially zoned land. The LI zoning district allows for various light industrial uses including some manufacturing, wholesale distribution, warehousing and R&D offices. The property is currently improved with a small single-family residence constructed circa 1950s. The property contains small areas of wetlands in the rear but does not hinder development potential.
Area Description: The property is located one mile north of the Newport Sate Airport and four miles north of the Newport Bridge. West Main Road is a four-lane roadway connecting Newport in the south to Portsmouth in the north. The roadway in the subject’s location has a traffic count of 18,000 vehicles a day, increasing in the summer months.
Zoning Description: The Light Industrial zoning district allows for a variety of uses as of right including R&D office space, warehousing & self-storage, wholesale distribution establishment and the manufacturing of engineering, computer and research equipment and apparel. Uses allowed by special use permit include boat building & repair, automotive repair & garage, misc. business services and some other types of manufacturing. Will accept offers subject to zoning.
Topography: Level

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,190 28,963 56,249
Median Age: 37.23 40.82 42.78
Households: 1,239 11,331 24,131

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