201 Forest Avenue – Pending Sale!

Pending Sale!

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.

Property Details

Address: 201 Forest Avenue, Middletown, RI
Buillding Size: 6,756 sf- Per Vision Appraisal
Lot Size: .81 ac , 35,284 sft
Sale Price: $800,000
Bedrooms: 16
Bathrooms: 13
Sewer: Town Connected
Water: Town Connected
Sprinkler System: Wet
Taxes: ~$7472 yr
Plat: 112
Lot: 41A
Year Built: 1900- Exact date not known
Location: Airport/West Main/East Main Rds
Road: Municipal
Heat / Air: Gas Fired Forced Water - New System
Zoning: R-20 see below zoning ordinance
Ceiling Heights: Mixed 7'-10'
Condition: As Is

201 Forest Avenue, Middletown, RI,
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