201 Forest Avenue, Middletown, RI 02842

$800,000
List Price
$800,000
MLS#
RIS-1298989
Status
ACTIVE
Type
Commercial
City
Middletown
County
Newport
Year Built
1900

Property Description

Entrepreneurs delight! Use your imagination and take a look at this former nursing home that has amazing charm with approximately 6,700 sq.ft. of living area. What can you do with 16 bedrooms and 13 bathrooms? This building can be converted by right into a single or a two family home. The R-20 residential zone also allows a potential special use permit for a developer to create the Town of Middletown's needed affordable housing units. Affordable housing requires 25% minimum units of 900 sf each, or 7 units. Please confer with legal professionals and Town of Middletown's Building and Planning officials. Attached below are PDFs of floor plans, plat plans and zoning information.

Additional Information

Cooling
None
Sewer
Connected, Public Sewer
Taxes
$6,833
Community Features
Sidewalks

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Kirby Properties, LLC..

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