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    1016 East Main Road

    Portsmouth, RI 02871
    • $2,495,000
    • STATUS: Active
    • ON SITE: 89 days
    • MLS #: 1281890
    UPDATED: 24 min ago
    $2,495,000
    • 0
      BEDS
    • 1.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,003
      SQFT
    • $208
      $/SQFT
    Type:
    Commercial
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Description

    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. Fieldstones 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.

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    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Barrows Team Realty | Keller Williams Realty Leading Edge are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows Team Realty | Keller Williams Realty Leading Edge. IDX information is provided exclusively 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. Data last updated: 2021-08-03T22:37:37.827.
    www.barrowsteamrealty.com/homes/116796220
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    1016 East Main Road Portsmouth, RI 02871

    • Price: $2,495,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 1281890
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.06
    Acres
    12,003
    SQFT
    $208
    $/SQFT
    1966
    Built
    Neighborhood:
    Southern Portsmouth Shopping Area
    County:
    Newport
    Area:
    Portsmouth
    Property Description
    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. Fieldstones 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.
    Exterior Features

    Construction Materials Frame Foundation Details Combination Frontage Length 235 Parking Total 60

    Interior Features

    Basement Crawl Space Cooling Ductless1 UnitWall Unit(S)Central Air Heating BaseboardCentralForced AirGasHot Water

    Property Features

    Community Features GolfHighway AccessMarinaNear SchoolsPublic TransportationRecreation AreaShoppingTennis Court(S)High Traffic LocationStreet Lights Current Use Office Electric 100 Amp Service Gross Income 273086 Land Lease YN No Operating Expense 0 Property Sub Type Office Road Frontage Type State Road Sewer Septic Tank Tax Annual Amount 18280 Tax Assessed Value 1213000 Tax Lot 5 Tax Year 2021 Utilities Electricity AvailableNatural Gas AvailableNatural Gas ConnectedMunicipal UtilitiesPhone AvailableWater Connected Water Source Public Zoning C

    Listing information © 2021 State-Wide Multiple Listing Service.
    Listing provided courtesy of Kirby Properties, Llc..





    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Barrows Team Realty | Keller Williams Realty Leading Edge are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows Team Realty | Keller Williams Realty Leading Edge. IDX information is provided exclusively 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. Data last updated: 2021-08-03T22:37:37.827.
     
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