202 Lapham Farm Rd Burrillville, RI 02859
This exceptional 28.5-acre development opportunity in Burrillville, Rhode Island, presents a fully approved plan for a 22-unit multifamily project known as "Lapham Farm Village." The property, located at 202 Lapham Farm Rd, 02859, is zoned R-40, allowing for residential development. The approved plan includes eleven lots featuring duplex buildings for a total of twenty-two units. Infrastructure is largely complete, encompassing a paved roadway with a critter crossing culvert, a fire cistern, and stormwater management structures. On-site wastewater treatment systems (OWTS) and private wells are also approved. Furthermore, the project has received all necessary approvals, including a Rhode Island Department of Environmental Management (RIDEM) approved wetland crossing. Completed condominium documents are available. This shovel-ready project offers a unique opportunity for immediate development, with an affordable housing component available upon request. The property's location in Providence County provides convenient access to local amenities and transportation routes.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.