127 Johnnycake Hill Road, Middletown, RI 02842

$1,800,000
11,848
SqFt
List Price
$1,800,000
MLS#
RIS-1298934
Status
ACTIVE
Type
Commercial
City
Middletown
County
Newport
Living Area
11,848
Year Built
1980

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.

Additional Information

Sewer
Connected, Public Sewer
Taxes
$16,167
Community Features
Near Hospital, Near Schools, Recreation Area, Shopping

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Kirby Properties, LLC..

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