2951 East Main Road, Portsmouth, RI 02871

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CommercialFor Sale

$3,395,000

2951 East Main Road

Portsmouth, RI 02871

Courtesy of Kirby & Kirby

MLS: RI State-Wide MLS

Est. Mortgage

$17,624/mo

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

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Information courtesy of Kirby & Kirby is subject to verification and is not guaranteed.

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