1144 W Main Rd, Portsmouth, RI

$974,000

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6

Beds

2

Baths

1,915

Square feet

5.73

Acres

About 1144 W Main Rd

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

Pricing and availability subject to change.

Features of 1144 W Main Rd

MLS® # 1348011
Sold Price $974,000
Bedrooms 6
Bathrooms 2
Full Baths 2
Square Footage 1,915
Square Footage 249599
Acres 5.73
Year Built 1900
Type Residential Income
Sub-Type Multi Family
Status Closed

Community Information

Address 1144 W Main Rd
City Portsmouth
County Newport
State RI
Zip Code 02871

Amenities

Parking Spaces 8
Parking No Garage
Garages No Garage
Is Waterfront No
Has Pool No

Interior

Interior Carpet, Hardwood
Interior Features Attic, Tub Shower
Appliances Oil Water Heater
Heating Forced Air, Oil, Steam, Zoned
Cooling None
Has Basement Yes
Basement Exterior Entry, Interior Entry, Partial, Unfinished
Fireplace Yes
# of Fireplaces 2
Fireplaces Masonry
# of Stories 2

Exterior

Exterior Aluminum Siding, Plaster
Construction Aluminum Siding, Plaster
Foundation Stone

Additional Information

Date Listed November 13th, 2023
Days on Market 39
Zoning LI
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSmith and Oak Real Estate Co.

Listing Map

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