Highly Visible Development Opportunity

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30323028
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Status: Pending/Contingent
Gross Land Area: 5.20 Acres
Sale Price: $1,400,000
Unit Price: $269,230 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 8/22/2019

Overview / Comments

This is a 5.2 acre parcel centrally located in the State of Rhode Island with very easy access to major highways. The land is undeveloped and is primarily treed with a relatively flat terrain, this is one parcel that has remained untouched in the area. The parcels around this lot have been transformed from residential and farm areas to commercial property developments.

Directly across the street there is a large commercial development anchored by WalMart with several other small businesses or chains of larger corporations such as McDonalds and Planet Fitness.

Abutting the property is a Speedway Gas station, an automobile sales and repair shop as well as a storage and small warehouse.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: JO 27-144
Zoning: B2/R20
Property Visibility: Excellent
Largest Nearby Street: Plainfield Pike
Feet of Frontage: 200
Traffic/Vehicle Count: 15,000
Highway Access: Less than .25 miles to RT295 North/South 3 Miles to RT 6 East/West 5 Miles to 195 East 10 Miles to the junction of 146/295 20 Miles to the junction of RT6/395 North/South 20 Miles to the junction of RT95/495 North/South
Topography: Gently Sloping
Easements: Ingress/Egress
Easements Description: driveway access to adjacent lot
Available Utilities: Electric, Water, Sewer
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,136 97,647 301,876
Median Age: 45.45 38.14 36.13
Households: 3,254 37,003 113,048

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