1016 East Main Road

Portsmouth, RI
$ 2,495,000 Beds 0 Baths 0 Sq 12,003 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Pending

  • Price
  • $ 2,495,000
  • Lot Size
  • 1.06 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 12,003
  • Full Bathrooms
  • 0
  • Year Built
  • 1700
  • Half Bathrooms
  • 0
  • City, Zip
  • Portsmouth
  • Taxes
  • $ 18280
  • County
  • NEWPORT
  • Style
  • Commercial
  • Area
  • Portsmouth
  • MLS#
  • 1281890
  • Zip
  • 02871
Listing Provided by: Kirby Properties, LLC.
Data Source: Rhode Island Statewide MLS (RIAR) - 18 - RI

Features

General

Basement Crawl Space
Business Type Professional/Office, Restaurant, Retail
Co-Listing Agent State License # REB.0014902
Community Features Golf, Highway Access, Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), High Traffic Location, Street Lights
Complexname Old Almy Village
Construction Materials Frame
Cooling Ductless, 1 Unit, Wall Unit(s), Central Air
Electric 100 Amp Service
Heating Baseboard, Central, Forced Air, Gas, Hot Water
Listing Agent State License REB.0019207
Property SubType Commercial
Property Type Commercial Sale
Sewer Septic Tank
Status Pending
Subdivision Name Southern Portsmouth Shopping Area
Total Units 1
Utilities Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected
Virtual Tour https://tour.RiLiving.com/1016-East-Main-RD-Portsmouth-RI-02871
Zoning C

Interior Features

Above Grade Finished Area 12003
Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Foundation Details Combination
Frontage Length 235
Lot Size Acres 1.06
Lot Size Area 46174
Lot Size Square Feet 46174
Lot Size Units Square Feet
Number of Buildings 2
Road Frontage Type State Road
Total Parking 60
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the East Greenwich, RI office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/5/2021 Listed $2,495,000

Property vs Zip Code Average in 02871

Price
AVG $970K
$2.5M
Taxes
AVG $7,773
$18,280
Visits
AVG 34
18
Year Built
AVG 1963
1700

Map

1016 East Main Road Portsmouth, RI is a Single Family Home for sale at $2495000 with 12003 sqft and a lot size of 1.06 Acres Acre(s). 1016 East Main Road Portsmouth has 0 bedrooms, 0 baths and was built in 1700. The property's zip code is 02871 which is in Portsmouth, RI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.