127 Johnnycake Hill – PENDING SALE!

PENDING SALE!


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 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.

 


Property Details

Address: 127 Johnnycake Hill Road, Middletown, RI
Buillding Size: 11,848 sf
Lot Size: 4.71 ac / 205,168 sf
Sale Price: $1,800,000
Sewer: Town Connected
Water: Town Connected
Sprinkler System: Wet
Taxes: $16,167/ 2020
Plat: 115
Lot: 36
Year Built: 1980
Unit Descriptions:

CALLING ALL OFFERS BY 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: Office Park
Site: Corner overlooking Easton's Pond
Frontage: ~892 linear feet
Parking: Current Parking ~ 65
Heat / Air: Electric Fired Forced Air-Duct / Central Air
Zoning: OP- Office Park
Condition: Interested parties should investigate roof condition. Various expert opinions have been expressed.

127 Johnnycake Hill Road, Middletown, RI,
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