966 – 1016 East Main Rd, Portsmouth

PENDING ! Old Almy Village


Property Description

PENDING!

This is a rare opportunity to own the historic Old Almy Village. Located in southern Portsmouth near the iconic polo fields and numerous other attractions that Newport County offers. Old Almy Village is a vibrant center consisting of 18 commercial spaces. Fieldstone’s Grille, is a community favorite, as are the numerous other fine retailers and office tenants.

The adjacent two family home can also be purchased for $825,000. The property has a great rental history but also offers numerous development opportunities.

Currently there is only one vacancy so the successful buyer will benefit from a 7.23% capitalization rate. Financial information available upon request with an executed Non-Disclosure Statement.


Property Details

Address: 1016 East Main Road, Portsmouth, RI
Buillding Size: 12,003 sf
Lot Size: 1.06 ac
Sale Price: $2,495,000
Sewer: Private Septic Systems- Installed 2015
Water: Town Connected
Available Space: Only one office space vacancy
Taxes: $18,565
Plat: 57
Lot: 5
Year Built: 1666 - Early ~80's
Number of Units: 18
Unit Descriptions:

3 Buildings:

  1. Restaurant building with two retail units
  2. Main building with retail + offices
  3. Two family home on abutting lot for expansion – fully occupied, please do not disturb

 

Traffic Counter: 22,800 average daily
Site: Located at Traffic Light
Road: State Highway Rte 138A
Frontage: ~ 343 ft
Parking: Ample On Site Parking
Heat / Air: Various/ Central HVAC Gas Forced Air/ Mini Splits
Zoning: C- Commercial

1016 East Main Road, Portsmouth, RI,
Print This






Inquire About This Property

  • Please enter your details below, and someone will get back to you via text message or email.
  • This field is for validation purposes and should be left unchanged.

Similar Properties