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    1960 Main Rd Portsmouth, RI 02871

    Sponsored
    For Sale
    $1,950,000

    1.55-Acre Commercial Lot, $1.95M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional commercial opportunity awaits at 1960 East Main Road, Portsmouth, Rhode Island. This 1.55-acre lot (67,518 sq ft) boasts a 7,584 sq ft steel structure built in 2010, featuring modern systems. The building offers over 6,600 sq ft of warehouse space with efficient radiant flooring, plus 960 sq ft of ground-floor retail space and an additional 960 sq ft of second-floor retail/office space. Located on high-traffic East Main Road in the commercially zoned area of Portsmouth, this property provides excellent visibility and accessibility. The building's layout is versatile, suitable for a range of businesses. This is a rare chance to acquire a well-maintained, strategically positioned commercial property with significant potential, previously occupied by a long-standing business. The property's 2010 construction ensures modern infrastructure and systems, minimizing immediate capital expenditure needs. The ample lot size allows for future expansion or redevelopment opportunities, catering to evolving business needs. This prime location in Portsmouth, RI, offers easy access to major transportation routes and a thriving local economy. The property's history as a successful business location speaks to its inherent value and potential for continued success. This is a truly exceptional opportunity for investors and entrepreneurs seeking a high-impact commercial property in a desirable location.

    Property Features for 1960 Main Rd

    General Information

    Property type
    Land

    Building Details

    Year Built
    2010
    Buildings
    1
    Stories
    2

    HighLights

    • $1,950,000 asking price.
    • 1.55‑acre commercial land parcel in Portsmouth, RI.
    • 7,584 SF building (2010 construction) with 6,600 SF warehouse space, 960 SF ground‑floor retail, and 960 SF second‑floor retail/office.
    • High‑traffic East Main Road location.
    • 67,518 SF lot size.
    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
    -71.2530319
    Latitude
    41.584469

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    FAQs

    What type of property is this?
    Land - 1.55-Acre Commercial Lot, $1.95M
    Where is this land 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.
    What are key features of this property?
    This property features: $1,950,000 asking price.; 1.55-acre commercial land parcel in Portsmouth, RI.; 7,584 SF building (2010 construction) with 6,600 SF warehouse space, 960 SF ground-floor retail, and 960 SF second-floor retail/office.
    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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