2951 East Main Road Portsmouth, RI $ 2,200,000
2951 East Main Road
$ 2,200,000
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2951 East Main Road

Portsmouth, RI, 02871
$ 2,200,000
Bedrooms-- Baths-- Sq 25,217

Monthly Estimate*

$ 13,725

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Commercial Property for sale in Portsmouth, RI

for $2,200,000. This 25,217 square foot building was built in 1860 on a lot size of 2.84.

A rare opportunity in the heart of Portsmouth, Rhode Island. 2951 East Main Road offers multiple paths forward for developers, investors, and visionaries alike. Set on 2.84 acres, the property is anchored by a 6-unit Second Empire Victorian farmhouse, dating back to 1865 and listed on the National Register of Historic Places, with three turnkey condominiums currently available to rent or sell at retail. The property also features multiple outbuildings, most notably a 5,623 sq. ft. barn that has been fully approved to be retrofitted into 4 residential units. The complete development package encompasses site plans, septic approvals, and full engineered and architectural renderings. Current approvals allow for a total of 26 residential units across the property: six condominium units within the historic farmhouse (three already sold), four units in the converted barn, and sixteen additional ground-up new construction residences. Borden Farm traces its roots back to the 1600s when the land was deeded to the Borden family by the King of England. Today, it stands as both a testament to Portsmouth's past and an extraordinary canvas for the future.

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Commercial Active

Price

$ 2,200,000

Property Type

Commercial

Taxes

$ 15,000

Style

Lot Size

2.84

Year Built

1860

Town/City

Portsmouth

County/Region

Newport

MLS | Web ID

1393722

List By
Re/Max Results

Broker

kevinsellsnewport@gmail.com

Email

Affordability Calculator

$14,975
Per Month
92%
8%
0%
Monthly Principal & Interest
$13,725
Monthly Property Taxes
$1,250
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
8/28/2025$2,200,000 Listed Price

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2951 East Main Road, Portsmouth, RI, 02871 is a Commercial Property for sale at $2,200,000 with 25,217 sqft and a lot size of 2.84. 2951 East Main Road was built in 1860. The property's zip code is 02871 which is in Portsmouth, RI