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1016 East Main Road

Portsmouth, RI 02871
  • $2,495,000
  • STATUS: Active
  • ON SITE: 84 days
  • MLS #: 1281890
UPDATED: 130 min ago
$2,495,000
  • 0
    BEDS
  • 1.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,003
    SQFT
  • $208
    $/SQFT
Type:
Commercial
Built:
1966
County:
Area:

School Ratings & Info

Description

This is a rare opportunity to own the historic Old Almy Village. Located in southern Portsmouth near the iconic polo fields and numerous other attractions that Newport County offers. Old Almy Village is a vibrant center consisting of 18 commercial spaces. Fieldstones Grille, is a community favorite, as are the numerous other fine retailers and office tenants.The adjacent two family home can also be purchased for $825,000. The property has a great rental history but also offers numerous development opportunities.Currently there is only one vacancy so the successful buyer will benefit from a 7.23% capitalization rate. Financial information available upon request with an executed Non-Disclosure Statement.

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© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Century21 Platinum are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Century21 Platinum. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-07-28T23:37:37.303.
www.platinumc21.com/homes/116796220
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1016 East Main Road Portsmouth, RI 02871

  • Price: $2,495,000
  • Status: Active
  • Updated: 130 min ago
  • MLS #: 1281890
0
Beds
0
Baths
0
½ Baths
1.06
Acres
12,003
SQFT
$208
$/SQFT
1966
Built
Neighborhood:
Southern Portsmouth Shopping Area
County:
Newport
Area:
Portsmouth
Property Description
This is a rare opportunity to own the historic Old Almy Village. Located in southern Portsmouth near the iconic polo fields and numerous other attractions that Newport County offers. Old Almy Village is a vibrant center consisting of 18 commercial spaces. Fieldstones Grille, is a community favorite, as are the numerous other fine retailers and office tenants.The adjacent two family home can also be purchased for $825,000. The property has a great rental history but also offers numerous development opportunities.Currently there is only one vacancy so the successful buyer will benefit from a 7.23% capitalization rate. Financial information available upon request with an executed Non-Disclosure Statement.
Exterior Features

Construction Materials Frame Foundation Details Combination Frontage Length 235 Parking Total 60

Interior Features

Basement Crawl Space Cooling Ductless1 UnitWall Unit(S)Central Air Heating BaseboardCentralForced AirGasHot Water

Property Features

Community Features GolfHighway AccessMarinaNear SchoolsPublic TransportationRecreation AreaShoppingTennis Court(S)High Traffic LocationStreet Lights Current Use Office Electric 100 Amp Service Gross Income 273086 Land Lease YN No Operating Expense 0 Property Sub Type Office Road Frontage Type State Road Sewer Septic Tank Tax Annual Amount 18280 Tax Assessed Value 1213000 Tax Lot 5 Tax Year 2021 Utilities Electricity AvailableNatural Gas AvailableNatural Gas ConnectedMunicipal UtilitiesPhone AvailableWater Connected Water Source Public Zoning C

Listing information © 2021 State-Wide Multiple Listing Service.
Listing provided courtesy of Kirby Properties, Llc..





© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Century21 Platinum are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Century21 Platinum. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-07-28T23:37:37.303.
 
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