1960 E Main Rd Portsmouth, RI 02871
For Sale
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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.
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Bill's Sales Big Box & Wholesale Store
COMMERCIAL DISTRICT C-1 is established to provide areas for commercial establishments and serve community and Town-wide shopping and service needs. TOWN CENTER DISTRICT - TC is established to provide for a pedestrian-friendly commercial district that is more densely developed than the Commercial C-1 zone. Developments in the Town Center District shall, to th…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C · Portsmouth, RICOMMERCIAL DISTRICT C-1 is established to provide areas for commercial establishments and serve community and Town-wide shopping and service needs. TOWN CENTER DISTRICT - TC is established to provide for a pedestrian-friendly commercial district that is more densely developed than the Commercial C-1 zone. Developments in the Town Center District shall, to the extent possible, contribute to an atmosphere of a traditional New England town center. While allowing mixed uses and planned unit developments, this district is more restrictive than the C-1 District in terms of discouraging or prohibiting uses that are not conducive to its purpose. Other than prohibited uses, all proposed uses in the TC District are subject to special use permits and design review. [Added 10-27-2004 ] INDUSTRIAL DISTRICTS are established to encourage intensive industrial and business activities, with proper safeguards for protecting nearby residential areas and environmentally sensitive areas. HEAVY INDUSTRIAL I-H is established to provide for levels of noise, vibration, smoke, odor and other evidence of industrial activity commensurate with State and Federal standards and other performance standards that may be set by the Town. LIGHT INDUSTRIAL I-L is established to provide for a lesser level of noise, vibration, smoke, odor and other evidence of industrial activity commensurate with performance standards that may be set by the Town. WATERFRONT DISTRICT WD is established primarily for businesses catering to marine and marine-related activities. OPEN SPACE AND PUBLIC LANDS OS is established for all lands which shall be dedicated to open space, recreation, conservation, or public uses. REDEVELOPMENT DISTRICT is existing or formerly property of the U.S. Navy generally known as the tank farms. 3. Identification of certain districts. Further identification of boundaries for certain districts is established by the Zoning Map and Lot numbers as follows: R-60 is established by the Zoning Map and specific lot numbers as follows:
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
