Under Contract

3279 East Main Road

Portsmouth RI, 02871

$995,000


$335.24 per sqft

Under Contract

2,968 sqft

Commercial

Built in 1940

Prime investment opportunity located in Portsmouth Business District. Property consists of 1.42 acres. Commercial zoning/mixed use.
2 bay gas/service station consists of 2200 sq feet, 18,000 gallon fuel capacity/ 6 hose pump. Annual inspections. Tanks upgraded in 1997 with leak detection system, double walls made of steel and fiberglass. (report plan available during inspection period) Service bays have 3 hydraulic service lifts, inspection equipment, office, bathroom and storage rooms all with security camera and motion security system in place. Known as "Oliveira Garage".
Also, 25,000 sqft of land for 7 approved mobile home sites. Known as "Oliveira's Trailer Park". Individual electric meters for each. 4 sites are leased until the end of 2022, 3 sites available. Possible expansion.
And, a single family dwelling with 2 bedroom, full bath, full basement, hardwood flooring, septic system. The entire property is serviced by a well. Town water is available. The house and mobile home sites are accessed by "Oliveira Way," a private, paved access within this property with individual house numbers.
This property has been central in the Town of Portsmouth with the same proprietors serving the community for over 60 years. There are many possible uses and opportunities to continue or expand the current use.

1310206

MLS ID

May 19, 2022

Listed

February 16, 2024

Updated

Map

3279 East Main Road
Portsmouth RI, 02871

Interior Features

Total Stories

0


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

1.42 Acres


Sewer

Cesspool, Septic Tank

Other Property Details

Taxes

$7,002


Tax Frequency

Annually


Days on Market

621


Association Amenities

Business Center


Garage

Yes


Parking Total

20


View

No


County

Newport


Water Source

Well


Pool

No


Zoning

C

 

Courtesy of EAST SHORE PROPERTIES

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Data last updated 5:34 AM UTC, 2/16/2024.

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