INNOVATE Real Estate
Commercial at 149 W Main Road, Middletown
Commercial at 149 W Main Road, Middletown, photo 2 of 4
Commercial at 149 W Main Road, Middletown, photo 3 of 4
Commercial at 149 W Main Road, Middletown, photo 4 of 4
4 photos

$950,000

149 W Main Road
Middletown, RI 02842
Listed by Melissa Perdikakis
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Former McDonald's site, had 2 drive-thru lanes; 131ft. frontage X 290ft. +/- depth; cleared, graded, environmentally clean, 2 curb cuts, 12 hi-intensity pole lamps; utilities: well and municipal water, municipal sewer, public gas, public electric (3phase); Zoned: OBA (office/business - traffic sensitive); Site also offered for NNN LAND LEASE. Heart of Middletown's main commercial artery, near convergence of state routes 114 and 138; surrounded by national retail and professional businesses; close to Naval War College, CCRI Newport Campus, and Newport Grand.

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1399017
Property type
Commercial,Commercial Sale
Subdivision
N/A
Status
Active
Days on market
272
On market date
October 29, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
10
Lot size
0.87 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Claiborne Pell Elementary
0.21 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
744
Student:teacher ratio
10.9:1
District
Newport
Middle
Gaudet Middle School
1.29 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
463
Student:teacher ratio
11.3:1
District
Middletown
High
Middletown High School
0.94 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
620
Student:teacher ratio
11.9:1
District
Middletown

Walkability

Blended score for Middletown's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

81
Highly walkable
out of 100
EPA National Walkability Index
13.5 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores5
Parks12
Schools10
Transit stops20
Pharmacies8

Market position

How this listing compares to current activity in Middletown, from live MLS data.

On the market 272 days -- 191 more days than Middletown's current average of 81 days.
For reference, the median list price across 232 active listings in Middletown right now is $15,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,871/mo
$190,000 down
$760,000 loan
Principal & interest$4,929
Property tax (est.)$792
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated November 9, 2025.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.