2949 East Main Road, Portsmouth, RI 02871

Building Details

Year Built 2023 More

Buildings 1 More

Listing Agency: Kirby & Kirby

Listed By: Molly Kirby · License #REB.0019291 Show Phone

Source: Crexi

Added: Oct 19 Changed: Nov 8 Last Checked: Nov 8 at 3:20PM

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Investment Insights

Based on property information with market context.

Completed in 2023, this flex property contains three units. Two are leased, while the third is available for a buyer to occupy or lease. The building is located on East Main Road in Portsmouth, Rhode Island.

The property is offered as-is through a receivership sale, and all offers require court approval.

Key Highlights

• Three‑unit flex building completed in 2023
• Two units leased; one unit available for occupancy or rental
• Receivership sale; all offers subject to court approval

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Regal Marble and Granite Kitchen & Bath Showroom

Suggested Use

Top Pick Law Firm Dental Office Hair Salon Auto Repair Shop Real Estate Agency Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

247

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 02871, RI

17,640

Population

8,044

Households

2.2

Avg Household Size

47

Median Age

60%

College-Educated

96%

High-School Grad

17.1 sq mi

ZIP Area

1,032

Density / Sq Mi

$119,135

Median Household Income

$56,615

Median Earnings

$1,577

Median Rent

$539,700

Median Home Value

Market

Average Price Trend$/SF for Flex space in Newport County, RI

$348 Jul

$348 Aug

$349 Sep

$349 Oct

Properties on Market for Flex space in Newport County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two suites are leased, with one available for occupancy or rental.

Where is this flex space located?

The property is located at 2949 East Main Road Portsmouth, RI.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: Three‑unit flex building completed in 2023; Two units leased; one unit available for occupancy or rental; Receivership sale; all offers subject to court approval