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    1960 Main Rd Portsmouth, RI 02871

    Sponsored
    For Sale
    $1,950,000

    Versatile 7,584 SF building on 1.55 acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    345
    This exceptional commercial property at 1960 East Main Road, Portsmouth, RI, presents a unique investment opportunity. The 7,584 square foot steel structure, constructed in 2010, sits on a 1.55-acre lot zoned for commercial use. Its prime location along the high-traffic East Main Road ensures excellent visibility and accessibility. The building boasts modern systems and a spacious layout, ideal for a variety of businesses. The interior comprises over 6,600 square feet of warehouse space equipped with efficient radiant flooring, perfect for storage and operations. In addition, there is 960 square feet of ground-floor retail space, providing ample opportunity for customer interaction and sales. A further 960 square feet of space on the second floor offers additional retail or office potential. This well-maintained property offers significant potential for growth and profitability, making it an attractive proposition for discerning investors seeking a strategically located commercial asset in a thriving area. The property's history as the long-standing home of a successful business adds to its appeal and demonstrates its suitability for a range of commercial uses. The 1.55-acre lot provides ample space for expansion or future development. This is a rare chance to acquire a ready-to-use commercial building in a high-demand location. The asking price is $1,950,000.

    Property Features for 1960 Main Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    67,518 SF

    Building Details

    Year Built
    2010
    Property Profile Location Intelligence

    Current Use by Public Records

    Bill's Sales Firewood Supplier

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.25301
    Latitude
    41.58447

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 7,584 SF building on 1.55 acres
    Where is this commercial real estate located?
    The property is located at 1960 Main Rd Portsmouth, RI.
    What is the asking price?
    The asking price for this property is $1,950,000.
    (401) 324-0048
    Request Owner's contact information
    1960 Main Rd Portsmouth, RI 02871
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    Portsmouth, RI 02871
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1960 Main Rd Portsmouth, RI 02871
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