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    310 Nooseneck Hill Rd Richmond, RI 02898

    For Sale
    $1,500,000

    12 Acres, Light Industrial Zoning, I-95 Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 12.06-acre land parcel in Richmond, Rhode Island, presents a compelling investment opportunity. Located at 310 Nooseneck Hill Rd, this property boasts favorable Light Industrial zoning, making it suitable for a wide range of commercial and industrial uses. Its strategic location offers convenient access to Interstate 95, with approximately half a mile to the nearest on/off ramp. The site features 1,575 feet of frontage on Nooseneck Hill Road. Some site work has already been completed, streamlining development. A survey is available upon request. Estimated annual taxes are $3,411. Potential uses include, but are not limited to: solar energy facilities, transportation terminals, outdoor vehicle storage, contractor units, fuel sales, auto body shops, warehouses with outdoor storage, and various storage facilities. Owner financing is available, making this an attractive proposition for developers and investors seeking a well-situated, versatile industrial land asset in a thriving Rhode Island market. The property's size and zoning provide significant flexibility for a variety of development projects.

    Property Features for 310 Nooseneck Hill Rd

    General Information

    Property type
    Distribution properties
    Lot Size
    525,334 SF

    HighLights

    • $1,500,000 asking price.
    • 12.06 acres of Light Industrially zoned land.
    • Convenient location: ½ mile from I‑95.
    • 1,575 feet of road frontage on Nooseneck Hill Road.
    • Partial site work completed; survey available.
    • Estimated annual taxes: $3,411.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Department Store Cafe & Coffee Shop Pet Grooming Service Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.671425632637
    Latitude
    41.548527705139

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    FAQs

    What type of property is this?
    Distribution property - 12 Acres, Light Industrial Zoning, I-95 Proximity
    Where is this distribution property located?
    The property is located at 310 Nooseneck Hill Rd Richmond, RI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 12.06 acres of Light Industrially zoned land.; Convenient location: ½ mile from I-95.
    Request Owner's contact information
    310 Nooseneck Hill Rd Richmond, RI 02898
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    Richmond, RI 02898
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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
    310 Nooseneck Hill Rd Richmond, RI 02898
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