29+ Acres Nooseneck Hill Road, Coventry

Vacant Land for Sale
Catylist Listing ID: 30104255
Property Subtypes: Agricultural, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 29 Acres
Sale Price: $3,900,000
Unit Price: $134,482 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/8/2018

Overview / Comments

Pristine property ready for commercial development! Located at the corner of Nooseneck Hill Road (Rt. 3) and Harkney Hill Road. 29+ acres with approximately 80% of cleared land and field, over 2,300 feet of road frontage on 3 state highways. High visibility and located just one mile from Rt. 95. Clean, flat, pristine property ready for development. Municipal water, gas, city sewers nearby, street lights, cable, traffic light located on the corner of Rt. 3 and Harkney Hill Road.

In addition to development opportunities, this property has a substantial amount of valuable loam/topsoil.

Excellent location and just minutes away from Exit 6 on Rte. 95.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Zoning: GB1 SPD
Property Located Between: Rt. 95 and Wood Estates Deveopment
Property Visibility: Excellent
Legal Description: Plat 10, Lot 29, corner of Nooseneck Hill Road, Harkney Hill Road and Hill Farm Road. 29+ acres of raw land zoned for commercial or special development use.
Largest Nearby Street: Nooseneck Hill Road, Harkney Hill Road, Hill Farm Road
Feet of Frontage: 2,300
Traffic/Vehicle Count: 15,000
Highway Access: Property is located approximately 1 mile from Rt. 95, Exit 6. There is also access to two other Rt. 95 exits within Coventry. There are 5 major roads in Coventry, Rt. 3 (Nooseneck Hill Rd/Tiogue Ave), Rt. 102 (Victory Highway), Interstate 95, Rt. 116 (Knotty Oak Rd) and Rt. 117 (Flat River Rd). I-95 skirts the edge of downtown and has exits to most prominent areas in town. Rt. 3 runs through downtown Coventry and sees considerable traffic but is still the easiest and quickest way through downtown. Rt. 102 runs through the western end of town from West Greenwich to Foster/Scituate and intersects both I-95 and Rt. 3 near West Greenwich. Rt. 116 runs through the northern end of town from Coventry to Cumberland. Rt. 117, one of the state of Rhode Island's original highways, runs from Coventry to West Warwick/Warwick/Cranston.
Airports: State airport located in Warwick, approximately 15-20 minutes away.
Site Description: Raw land currently used as a "corn" field and planting for many years. 80% cleared fields, topsoil and loam, and approximately 20% treed area. Dry, flat land. High traffic area and visibility. East access to highway.
Area Description: Coventry is the largest town in Kent County and the state of Rhode Island, with a population of approximately 34,660 as of 2007 and a total area of 62.3 sq. miles. Coventry is bordered by Sterling, CT to the west and West Warwick to the east, as well as East and West Greenwich to the south and Foster, Scituate and Cranston to the north. There are two main commercial areas in Coventry. The first is Route 3, which is also know as Tiogue Avenue or Nooseneck Hill Road. Most of the stores and restaurants can be found on this main road. The second large commercial area is called The Centre of New England, which has many stores, restaurants and hotels.
Lot Frontage: 2,300 feet
Zoning Description: GB 1 is the commercial zoning in town. SPD is special planned development use. There has been a lot of growth in town in the last few years and this property has many uses and much potential. Because of the current use of the property, it is under "farms, forest, and open spaces" for tax assessments and taxes.
Topography: Level
Easements Description: none
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,242 18,802 70,485
Median Age: 59.28 45.05 41.45
Households: 636 7,712 28,331

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