5.73 Acres of land zoned LIGHT INDUSTRIAL on West Main Road in Portsmouth. Incredible traffic daily, and an opportunity to own a large piece of land in Portsmouth with endless opportunities. There are currently 2 single family homes that present an opportunity for increased returns utilizing seasonal rentals. Seller is open to subdividing homes and selling individually, OR take the whole package! With potential for development, light industrial use, or rental income, there are few deals on the market quite like this. The land spans well into the woods, and is ready for a new owner to maximize this properties income potential. Proforma 6-9% cap rate. .see supplements
Multi-familyProperty Type
1900Year Built
5.73 acresLot Size
$521Est. Price/Sq.Ft.
8 spacesParking
Listed by Smith & Oak Rhode Island Group• Smith and Oak Real Estate Co.
Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Newport County
APN: 11441152MAINRDPORT
Home facts updated by county records on Feb 28, 2024
Around this home
Schools
Melville School
Public PreK-4 • Assigned • 0.4mi
10/10
Portsmouth Middle School
Public 5-8 • Assigned • 2.4mi
8/10
Portsmouth High School
Public 9-12 • Assigned • 1.9mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Portsmouth, RI • 02871
Average low and high temperatures (°F)
36
24
37
24
48
34
57
42
66
51
78
61
79
67
76
61
72
59
63
50
54
40
41
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.6 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$947,000 – $1.15M
Reach more buyers when you sell with Redfin. Save up to $9,968 in fees.3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.