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$ 1,999,000
Est. payment | /mo
8.33 Acres Lot
$ 1,999,000
Est. payment | /mo
8.33 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1405719
HOA Y/N No
Annual Tax Amount $25,609
Tax Year 2023
Lot Size 8.330 Acres
Acres 8.33
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.
Location
State RI
County Newport
Zoning TC
Exterior
Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Shopping, Tennis Court(s), High Traffic Location
Utilities Available Natural Gas Available, Municipal Utilities, Phone Available, Water Connected
Topography Level
Building
Lot Description Corner Lot, Wooded, Level
Water Public
Structure Type Other
New Construction No
Others
Senior Community No
Tax ID 2500EASTMAINRDPORT
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