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Property profile & analytics
OFF-MARKET
Commercial real estate

28 Old Summit Rd Coventry, RI 02827

6.8 ac lot
Property ID
US76-0045401
Property summary
AI-generated overview

This exceptional 6.8-acre parcel presents a unique development opportunity in Coventry, Rhode Island. Located at 28 Old Summit Road, this property boasts excellent visibility and accessibility, situated on Route 117 just beyond the Route 102 rotary. The land is predominantly flat, with approximately one-third already cleared of trees and brush, simplifying site preparation. The asking price is $369,000, translating to a land value of $54,264.70 per acre. The property's zoning classification is VRC, permitting a variety of uses including, but not limited to, family day care centers, veterinary or animal hospitals, and horticultural nurseries or greenhouses (excluding cannabis cultivation). This versatile zoning makes the property suitable for a range of commercial, industrial, and even residential developments, offering significant potential for investors and developers seeking a strategic location in a growing area. The property's convenient location and flexible zoning regulations create a compelling investment opportunity with substantial upside potential. Detailed site plans and further information are available upon request. The property is located in Kent County, Rhode Island, with a zip code of 02827.

Property profile
Verified
Property type Commercial real estate
Lot 6.8 ac (296,208 SF)
UPID US76-0045401
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
by Request
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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