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