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$3,395,000
Est. payment /mo
2.84 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1384562
HOA Y/N No
Year Built 1860
Tax Year 2025
Lot Size 2.840 Acres
Acres 2.84
Property Sub-Type Commercial
Property Description
Welcome to 2951 East Main Road, a fully approved 26 unit residential condominium development. What's there now? 6 existing units, within the farmhouse, can be sold immediately as condos. Condo Docs complete. 5,623 sq.ft. barn, with approvals to be retrofitted into 4 units. Full development package, including site plans, septic plans and engineered / architectural renderings. What's approved? 26 Units total: 6 existing units, 4 units retrofitted in the barn, 16 ground up construction units. What's the value? Appraised as is' at $2,750,000, Gross (condo) sell out, post construction: $12,200,000
Location
State RI
County Newport
Zoning C
Rooms
Basement Partial
Interior
Heating Gas
Laundry Common Area, Laundry Room
Exterior
Utilities Available Electricity Available, Natural Gas Connected
Total Parking Spaces 40
Building
Foundation Combination
Sewer Septic Tank
Water Public
Structure Type Frame
New Construction No
Others
Tax ID 2951EASTMAINRDPORT
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Listed by Kirby & Kirby