2951 East Main Road
Why We Love It
2951 East Main Road, Condo Development, Portsmouth, RI 02871
Borden Farm Estates: Fully Approved Development Opportunity
Here's an exciting opportunity to develop a total of 26 residential units, expanding across 6 structures. Currently, the ‘Borden Farm’ house contains 6 one-bedroom apartments. The second structure, known as the ‘Borden Barn,’ is currently utilized as commercial shop space; however, there are renderings for transforming it into 4 two bedroom units. Also approved is the construction of 4 new structures that will be located on the north and west sides of the lot, each housing 4 units, totaling 16 two-bedroom units built from the ground up. The entire development project spans a combined area of 123,707 square feet (2.84 acres). Condominium documents are drafted for the 6 existing units.
Please inquire for the full development package, including: septic plans, engineering plan, renovation plans, and more.
SALE PRICE:
$3,950,000
SALE PRICE:
$3,950,000
PROPERTY TYPE:
Residential Condo Development.
Town approval for 26 units total.
AVAILABLE SPACE:
26 Unit Condo Development
Currently on the property:
One 4,796 SqFt Building with 6 units
One 2,100 SqFt structure with approvals to be converted to 4 two bedroom units
AVAILABLE DATE:
Flexible closing dates
FRONTAGE:
Located on East Main Road
SEPTIC:
Existing septic. Stamped septic plans for development available.
NUMBER OF UNITS:
Approval for a total of 26 Units
- 16 new ground up construction
- 6 current units
- 4 units in existing barn
CONDO ASSOCIATION:
Condo docs have been created for existing 6 unit building
WATER:
Municipal
YEAR BUILT:
Current structures were both built in 1860
PLAT/ LOT:
31 / 32 & 31 / 32/A