Middletown, RI 02842,127 Johnnycake Hill RD
Middletown, RI 02842,127 Johnnycake Hill RD
Middletown, RI 02842,127 Johnnycake Hill RD
$1,800,000
Est. payment /mo
$1,800,000
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

11,848 SqFt
SOLD DATE : 03/01/2022

Key Details

Sold Price $1,800,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 11,848 sqft

Price per Sqft $151

Subdivision Middletown Corporate Park

MLS Listing ID 1298934

Sold Date 03/01/22

HOA Y/N No

Abv Grd Liv Area 11,848

Year Built 1980

Annual Tax Amount $16,167

Tax Year 2021

Lot Size 4.710 Acres

Acres 4.71

Property Description

Come take a look at the beautiful water view from the executive offices of this large prominent office building located at the crest of the hill in the Aquidneck Corporate Park in Middletown. The property is now offered for sale with a lease-back to current owner, Newport Mental Health, until they find/build their new facility. The offices and common areas are newly renovated with attractive reception area and large conference spaces along with small single offices. A loading dock adds convenience to the building as well as expansive lawn space. This offering contains a large plat of land that has space for an addition along with second floor expansion possibilities.

CALLING ALL OFFERS BY 5:00 PM on NOVEMBER 30, 2021. Interested parties are asked to present their highest and best offers with either, or both, of the following options:
a) A traditional closing with the property being conveyed vacant.
b) A sale / Lease back with the owner, Newport Mental Health, with a five year lease, cancellable by NCMH after the 3rd full year. The proposed rent will be $10,000 a month, NNN.

Location

State RI

County Newport

Community Middletown Corporate Park

Zoning OP

Rooms

Basement None

Exterior

Community Features Near Hospital, Near Schools, Recreation Area, Shopping

Utilities Available Natural Gas Available, Sewer Connected

Total Parking Spaces 65

Building

Lot Description Corner Lot

Story 1

Foundation Slab

Sewer Connected, Public Sewer

Water Public

Level or Stories 1

Structure Type Masonry,Steel

New Construction No

Others

Tax ID 127JOHNNYCAKEHILLRDMDLT

Financing Cash

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Kirby Properties, LLC.
Bought with Kirby Properties, LLC.

GET MORE INFORMATION

agent

Eric Chauvin

+1(617) 448-0910

Broker

Broker

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.