2500 EMR

Vacant Land for Sale
2500 EMR
Catylist Listing ID: 30446141
Property Subtypes: Multi-Family, Residential (Single Family), Retail, Other
Gross Land Area: 8.33 Acres
Sale Price: $2,800,000
Unit Price: $336,134 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/20/2019

Overview / Comments

Ideal mixed use development. Site has a retention pond in place, extensive fill, 8" water loop installed around the site, a private road built to town standards in place and emergency access easement through adjacent medical facility.
Property is zoned Town Center (TC) which allows residential and commercial uses on same site. Also the site is in a PUD.
Located on busy Rt138 with easy access to Route 24 to Boston and Providence.

Site can have around 90-100 residential units with 3-4 commercial sites in front of property.

Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Tax ID/APN: PO 35 14
Property Visibility: Excellent
Largest Nearby Street: East Main Road
Traffic/Vehicle Count: 24,800
Highway Access: Routes 138 and 24
Site Description: 8.33acres of developable land.
Area Description: There are the following: Rite Aid Pharmacy, South coast medical facility, Atria Assisted Living Facility, Peoples Credit Union, BankNewport, Aquidneck medical facility, Ports. library, Cements' Market, the Ports. Housing Authority an Ports Town Hall.
Zoning Description: Town Center (TC) and in a PUD zone
Topography: Level
Available Utilities: Electric, Water
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,140 14,623 47,763
Median Age: 47.22 44.16 43.7
Households: 1,752 5,833 18,818

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