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Property profile & analytics
FOR SALE
Showrooms

1960 E Main Rd Portsmouth, RI 02871

7,584 SF 1.55 ac lot Built 2010
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US76-0152310
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2010
Construction STEEL FRAME
Total area 7,584 SF
Lot 1.55 ac (67,518 SF)
Zoning code C
APN PORT M:041 B:0048
UPID US76-0152310
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bill's Sales Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.18M
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$845k
Owner & transaction history
Rem Properties LLC · 5 yrs held
Rem Properties LLC
since 2021
5 recorded transactions
2021
Price N/A
2017
Price N/A
1993
$15,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C · Portsmouth, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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