2500 East Main Road, Portsmouth, RI 02871

$1,999,000

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List Price
$1,999,000
Price Change
▼ $601,000 1778875077
MLS#
1405719
Status
ACTIVE
Type
Land
City
Portsmouth
County
Newport
Lot Size
362,855

Property Description

An exceptional opportunity to acquire 8.3 acres of highly visible, developable land in the heart of Portsmouth. Strategically positioned along East Main Road with outstanding traffic exposure, this Town Center zoned property offers tremendous flexibility and long-term potential. The Town Center zoning allows for a wide range of uses including mixed-use development, commercial, office, residential housing, and restaurant concepts. Development is subject to Planning approvals through a PUD (Planned Unit Development) application, creating the opportunity for a thoughtfully designed, high-impact project. The property features multiple access points, including direct frontage and access from East Main Road, plus two additional access points from the adjoining assisted living facility's access road. Infrastructure advantages include an active 8-inch water main that encircles the site, access to a pre-existing shared retention pond, and a right-of-way through the adjacent facility providing a fire emergency loop. Septic capacity is estimated at approximately 185 bedrooms, with additional capacity available within the designated septic easement area.

Additional Information

Utilities
Natural Gas Available, Municipal Utilities, Phone Available, Water Connected
Topography
Level

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Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RE/MAX Revolution. Contact: 401-474-5669

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