2967 East Main Road
Portsmouth, RI, 02871 $ 1,495,000
Baths0.0 Monthly Estimate*
$ 9,205
Studio for $1,495,000. The lot size is 2.84.
2.84 acres with commercial zoning, including a 5,623-square-foot barn along with three additional outbuildings offering flexibility for redevelopment, relocation, renovation, or removal. 2967 East Main Road presents a unique development opportunity in the heart of Portsmouth, RI. Extensive due diligence has already been completed, including engineering, site plans, septic approvals, architectural renderings, and approvals for ground up residential units. Whether your vision involves condominium development, mixed-use redevelopment, commercial investment, tradesman units, or a larger residential community, much of the groundwork is already in place. With frontage on East Main Road, excellent visibility, and a location just minutes from Newport, Bristol, and easy access to Boston, this property offers a rare combination of scale, flexibility, and development potential. Opportunities with approvals and planning already completed are increasingly difficult to find, making this an exceptional offering for a developer, investor, or visionary looking to bring the next chapter of Borden Farm to life.
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FeaturesGeneralUtilities Electricity Available Natural Gas Available Natural Gas Connected Municipal Utilities Water Connected Water Available
Possession Close Plus 45 to 90 Days Close Through 45 Days Immediately Negotiable
Development Status Finished Lot(s)
Zoning C
Construction Materials Frame Other
Topography Rolling
Tax Year 2025
Business Type Residential
Community Features Highway Access Marina Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Sidewalks
County Newport
New Construction false
Property Type Land
Subdivision Name North End
Possible Use Residential Single Family
Other Structures Barn(s) Outbuilding
Status Active
City Portsmouth
Disclosures Septic Disclosure
Senior Community Y/N false
Zoning Description Condominium Residential
Lot Size Units Square Feet
Lot Size Square Feet 123711
Land Lease Y/N false
Tax Annual Amount 7500
Virtual Tour https://tour.RiLiving.com/2967-East-Main-Road-Portsmouth-RI-02871--1414410
Standard Status Active
Tax Assessed Value 1228400
Tax Lot 32A
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InteriorTotal Stories 0
Total Baths 0
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ExteriorLot Features Rolling Slope
Water Source Connected Public
Inclusions Mansard building and condo units are NOT included in the sale just the land that support the building.
Lot Size Area 123711
Lot Size Acres 2.84
Wooded Area 0
Road Surface Type Gravel
Frontage Length 262
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* Excluded FeaturesList Bykevinsellsnewport@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,205
- Monthly Property Taxes
- $625
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyLots and land listings in Portsmouth, RI
Average List Price $796,329
Percent of Sale Price 47%
About Portsmouth, RI 17,895 Population
4% Since 2002
$ 86,767 Median Income
47.42 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/4/2026 | $1,495,000 | | Listed Price |