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Property profile

2270 New London Tpke Coventry, RI 02816

OFF-MARKET
Land
Property ID
US76-0395077
53.88 ac lot
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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 Land
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

Location

2270 New London Tpke Coventry, RI 02816
Coventry metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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