247 West Main Road Middletown, RI $ 1,249,000
247 West Main Road
$ 1,249,000
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247 West Main Road

Middletown, RI, 02842
$ 1,249,000
Bedrooms-- Baths-- Sq 2,858

Monthly Estimate*

$ 7,886

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Commercial Property for sale in Middletown, RI

for $1,249,000. This 2,858 square foot building was built in 1945 on a lot size of 0.45.

Rare Multi-Property Investment Opportunity! Exceptional offering of 247 and 249-251 West Main Road featuring two contiguous properties with outstanding income and investment potential in the heart of Middletown. Whether you're looking to expand your investment portfolio, generate rental income, or occupy one residence while leasing the others, this unique property offers exceptional flexibility. Ideal for year-round rentals, furnished seasonal rentals, or short-term vacation rentals where permitted by local regulations. The prime location, just minutes from Newport, area beaches, shopping, restaurants, marinas, and Naval Station Newport, provides strong rental demand throughout the year. The property also presents an excellent opportunity for a primary residence with supplemental income or future redevelopment potential, subject to municipal approvals. Rarely do three adjacent properties become available as a single offering, creating possibilities for investors, developers, and owner-occupants alike. A truly unique opportunity to own a versatile income-producing property on Aquidneck Island with exceptional long-term appreciation potential. This single-family property is set back from road with a delightful private yard and mature shrubbery . The spacious 2 car garage and plenty of parking add exceptional value. Also being sold separately, please see MLS #1418877 and #1418880.

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Commercial Active

Price

$ 1,249,000

Property Type

Commercial

Taxes

$ 10,178

Style

Lot Size

0.45

Year Built

1945

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1418856

Features
General
Sewer Connected Public Sewer
Heating Hot Water
Cooling None
Utilities Cable Available Electricity Available Natural Gas Not Available Municipal Utilities Water Connected Sewer Available Sewer Connected Water Available
Possession Negotiable
Zoning OBA
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Masonry
Year Built 1945
Electric 100 Amp Service Separate Meters
Tenant Pays Cable TV Electricity
Stories Count 1
Levels One
Property Subtype Commercial
Tax Year 2025
Business Type Barber/Beauty Professional/Office Professional Service Real Estate
Community Features Golf Highway Access Marina Near Hospital Near Schools Other Pool Public Transportation Recreation Area Restaurant Shopping See Remarks Tennis Court(s) Sidewalks
County Newport
New Construction false
Property Type Commercial Sale
Subdivision Name Two Mile Corner
Possible Use Mixed Use Office Other Residential Single Family
Garage Y/N true
Status Active
City Middletown
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 19167
Number of Units Leased 0
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 10178
Virtual Tour https://tour.RiLiving.com/247-West-Main-Road-Middletown-RI-02842--1418856
Structure Type Apartment
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 863300
Tax Lot 283
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Interior
Basement Full
Furnished Y/N Unfurnished
Total Stories 1
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Laundry Features Common Area
Total Baths 0
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Exterior
Water Source Connected Public
Total Parking 14
Inclusions Fireplace
Lot Size Area 19167
Foundation Details Concrete Perimeter
Number of Buildings 2
Building Area Total 2858
Lot Size Acres 0.45
Road Surface Type None Paved
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* Excluded Features
List By
William Raveis Inspire

Broker

jeanne.allen@raveis.com

Email

Affordability Calculator

$8,734
Per Month
90%
10%
0%
Monthly Principal & Interest
$7,886
Monthly Property Taxes
$848
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
7/26/2026$1,249,000 Listed Price

Map


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247 West Main Road, Middletown, RI, 02842 is a Commercial Property for sale at $1,249,000 with 2,858 sqft and a lot size of 0.45. 247 West Main Road was built in 1945. The property's zip code is 02842 which is in Middletown, RI