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Property profile & analytics
OFF-MARKET
Commercial real estate

2270 New London Tpke Coventry, RI 02816

53.88 ac lot
Property ID
US76-0395077
Property summary
AI-generated overview

This exceptional 53.88-acre parcel, located at 2270 New London Turnpike in Coventry, Rhode Island (zip code 02816), presents a remarkable opportunity for residential development. The property, known as New London Preserve, boasts approved plans for a 75-lot single-family residential community. Situated in Kent County and abutting the East Greenwich town line, this site offers convenient access via two points on New London Turnpike and one on Crompton Road. Preliminary site work has already been completed, streamlining the development process. The master plan includes provisions for public water and sewer infrastructure, enhancing the desirability and value of the future homes. This expansive land offers a unique chance to create a thriving residential community in a desirable Rhode Island location. The property's strategic location and existing approvals make it an attractive investment for developers seeking a ready-to-build residential project. Detailed plans and approvals are available upon request. This is a rare opportunity to acquire a large, well-situated parcel with significant development potential in a growing area. Don't miss this chance to build a successful residential community.

Property profile
Verified
Property type Commercial real estate
Lot 53.88 ac (2,347,013 SF)
UPID US76-0395077
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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