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Investment Highlights

  • Upside Potential
  • Proximity to Newport & Portsmouth
  • Strategic Location
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in Middletown Commons, a multi-tenant medical, retail and professional office center located at 850 Aquidneck Avenue in Middletown, Rhode Island (the “Property”). Middletown Commons was constructed in 1992 and is improved by a 41,490 square foot center on a large 4.76-acre parcel of land. The Property is 73.87% leased and offers significant upside through the lease-up of the vacant space. The Property offers a complimentary mix of tenants that serve the needs of the area residents. Middletown Commons benefits from a prime location along Aquidneck Avenue, one of the town’s primary commercial corridors, offering excellent frontage, visibility, and two convenient points of access. Positioned near the intersection with East Main Street (RI Route 138), the Property sits in the heart of Middletown’s retail trade area. The site is surrounded by a strong mix of national and local retailers, restaurants, schools, and established residential neighborhoods, generating consistent consumer traffic and supporting a stable built-in customer base. Located on Aquidneck Island, Middletown Commons is approximately three miles from Downtown Newport, seven miles from Portsmouth, and about 35 miles from Downtown Providence, providing strong connectivity to the island’s primary employment, tourism, and population centers. With its strategic placement within a well-established commercial corridor, the Property is well positioned to benefit from both local demand and regional visitor traffic.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
41,490 SF
Building Class
C
Year Built
1992
Price
$7,260,259 CAD
Price Per SF
$174.99 CAD
Cap Rate
7.67%
NOI
$557,148 CAD
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,745 SF
Slab To Slab
10’
Building FAR
0.20
Lot Size
4.76 AC
Zoning
LBA

Amenities

  • 24 Hour Access
  • Bus Line
  • Signage
  • Central Heating
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • Triple Net
  • -

The Allergy and Asthma Centers are a well established, well respected, multi allergist allergy and asthma practice with offices located throughout Rhode Island. They are committed to providing their patients with the best and most up to date allergy and asthma care available. Dr. Russell Settipane, Dr. Robert Settipane and Dr. Alan Gaines treat adults, children and adolescents for a wide range of allergic problems.

  • Health Care and Social Assistance
  • -
  • -
  • Triple Net
  • -

ENT Medicine and Surgery Group & Aquidneck Hearing Center has made itself a part of the East Bay Community for more than 30 years. Dr. James Dobbin opened this practice in Bristol and Middletown, RI in 1987. Dr. Steven Freedman joined him as a partner in 1992. Ear, Nose & Throat is a medical practice that provides care for ear, nose and throat diseases, including hearing loss. They take special care in diagnosing ear problems and hearing loss, and determine which patients can benefit from hearing instruments. When caring for our patients, they take each person's unique needs into account. This allows them to provide an individualized treatment plan that ensures success. The audiology staff at Aquidneck Hearing Center can provide a full range of hearing rehabilitation services, including hearing aids. They offer their patients honesty and transparency, so when they’re making decisions concerning hearing aids, they are well informed.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Coastal Foot and Ankle serves Rhode Island residents with specialized podiatric care. The practice offers treatments for various foot and ankle conditions, including bunions, heel pain, and diabetic foot management. Services extend to pediatric care, addressing children's unique orthopedic needs. Surgical interventions are available for cases requiring operative solutions. The company operates as part of the Southcoast Health Network, providing integrated healthcare services. Coastal Foot and Ankle emphasizes both non-surgical and surgical approaches to improve patients' mobility and quality of life.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Brown University Health, Rhode Island's first health system, was founded in 1994 by Rhode Island Hospital and The Miriam Hospital. A comprehensive, integrated, academic health system with The Warren Alpert Medical School of Brown University, Brown University Health's present partners also include Rhode Island Hospital's pediatric division, Hasbro Children's; Bradley Hospital; Newport Hospital; Gateway Healthcare; Saint Anne's Hospital; Morton Hospital; and Brown Health Medical Group.

  • Finance and Insurance
  • -
  • -
  • -
  • -

At Finn & Meehan Wealth Management, LLC, we strive to deliver a truly personal planning experience. We believe that effective wealth management encourages clarity, not confusion. By simplifying the complexities often associated with financial planning, we inspire clients to pursue their most valued goals. In working towards their financial and lifetime objectives, our clients can achieve renewed confidence. With this newfound confidence in their financial strategies, they can address their concerns about their financial future and return their focus to the things they enjoy most. Through all chapters of life, we strive to provide the financial guidance needed to seek your enhanced quality of life.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

The doctors at the Foot and Ankle Institute of New England believe that patients deserve easy access to the medical information required to make informed decisions about their health. The Institute aims to educate each patient about their condition, present various treatment options, and implement the chosen plan with the utmost quality of care. A collaborative effort is made to discover the most suitable solution for each individual's foot and ankle problems, taking into account their unique lifestyle. In their dedication to ongoing learning, the doctors maintain memberships in the American Podiatric Medical Association, American College of Foot and Ankle Surgeons, and hold board certification from the American Board of Podiatric Surgery. At the Foot and Ankle Institute of New England, the team is committed to assisting patients.

  • Educational Services
  • -
  • -
  • -
  • -

A strong and flexible body, a steady mind, a joyous spirit, these are the promises of the art and the science of yoga.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Dr. Dean Janssen has been providing safe, natural and effective chiropractic care since 1995. He is a graduate of the University of Rhode Island in 1989 and Life Chiropractic College in 1995. Before relocating his family back to Portsmouth in 2003, he had a private practice in Pompano Beach, Florida.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Karns & Kerrison is a privately held law firm founded in 1974. Headquartered in Providence, Rhode Island, the firm also maintains an office in Middletown. It provides legal representation across Rhode Island and Massachusetts, focusing on personal injury, workers' compensation, Social Security disability, and bankruptcy cases. The firm is known for handling complex claims involving traumatic brain injuries, vehicle accidents, and wrongful death. Karns & Kerrison has recovered hundreds of millions of dollars in compensation for clients and is led by a team with over 115 years of combined legal experience.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

With over 30 years of legal experience and extensive background in a broad range of cases, it is likely that we have negotiated/litigated several cases that deal with your legal matter. As attorneys, they practice throughout Rhode Island state courts including District Court, Superior Court and in the RI Supreme Court. By providing professional services, they look to develop a strong partnership with their diverse client base of individuals, expanding corporations, and entrepreneurial businesses. They enjoy a strong client following throughout Newport County - from Tiverton to Portsmouth, Middletown, Newport and Jamestown

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - - Triple Net -
Health Care and Social Assistance - - Triple Net -
Health Care and Social Assistance - - - -
Health Care and Social Assistance - - - -
Finance and Insurance - - - -
Health Care and Social Assistance - - - -
Educational Services - - - -
Health Care and Social Assistance - - - -
Professional, Scientific, and Technical Services - - - -
Professional, Scientific, and Technical Services - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • Lower Level-Ste B-8
  • 1,220 SF
  • Office
  • Full Build-Out
  • Now

Retail space available on Aquidneck Avenue. .

  • Lower Level-Ste B1-B
  • 1,640 SF
  • Office
  • Full Build-Out
  • Now

Retail space available on Aquidneck Avenue. .

  • Lower Level-Ste B2
  • 2,041 SF
  • Office
  • Full Build-Out
  • Now

Retail space available on Aquidneck Avenue. .

  • Lower Level-Ste B2A
  • 1,288 SF
  • Office
  • -
  • Now
  • Lower Level-Ste B4-B7
  • 5,088 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Office / medical units available

Space Size Space Use Build-Out Available
Lower Level-Ste B-8 1,220 SF Office Full Build-Out Now
Lower Level-Ste B1-B 1,640 SF Office Full Build-Out Now
Lower Level-Ste B2 2,041 SF Office Full Build-Out Now
Lower Level-Ste B2A 1,288 SF Office - Now
Lower Level-Ste B4-B7 5,088 SF Office/Medical Partial Build-Out Now

Lower Level-Ste B-8

Size
1,220 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

Lower Level-Ste B1-B

Size
1,640 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

Lower Level-Ste B2

Size
2,041 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

Lower Level-Ste B2A

Size
1,288 SF
Space Use
Office
Build-Out
-
Available
Now

Lower Level-Ste B4-B7

Size
5,088 SF
Space Use
Office/Medical
Build-Out
Partial Build-Out
Available
Now

Lower Level-Ste B-8

Size 1,220 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Retail space available on Aquidneck Avenue. .

Lower Level-Ste B1-B

Size 1,640 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Retail space available on Aquidneck Avenue. .

Lower Level-Ste B2

Size 2,041 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Retail space available on Aquidneck Avenue. .

Lower Level-Ste B4-B7

Size 5,088 SF
Space Use Office/Medical
Build-Out Partial Build-Out
Available Now

Office / medical units available

Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
MIDD-000114-000000-000092C
Land Assessment
$2,590,809 CAD
Improvements Assessment
$1,842,716 CAD
Total Assessment
$4,433,526 CAD
  • Listing ID: 40393650

  • Date on Market: 2026-05-04

  • Last Updated:

  • Address: 850 Aquidneck Ave, Middletown, RI 02842

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