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Key Details
Sold Price $2,400,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,003 sqft
Price per Sqft $199
Subdivision Southern Portsmouth Shopping Area
MLS Listing ID 1281890
Sold Date 12/01/21
HOA Y/N No
Abv Grd Liv Area 12,003
Year Built 1700
Annual Tax Amount $18,280
Tax Year 2021
Lot Size 1.060 Acres
Acres 1.06
Property Description
This is a rare opportunity to own the historic Old Almy Village. Located in southern Portsmouth near the iconic polo fields and numerous other attractions that Newport County offers. Old Almy Village is a vibrant center consisting of 18 commercial spaces. Fieldstone's Grille, is a community favorite, as are the numerous other fine retailers and office tenants. The adjacent two family home can also be purchased for $825,000. The property has a great rental history but also offers numerous development opportunities. Currently there is only one vacancy so the successful buyer will benefit from a 7.23% capitalization rate. Financial information available upon request with an executed Non-Disclosure Statement.
Location
State RI
County Newport
Community Southern Portsmouth Shopping Area
Zoning C
Rooms
Basement Crawl Space
Interior
Heating Baseboard, Central, Forced Air, Gas, Hot Water
Cooling Ductless, 1 Unit, Wall Unit(s), Central Air
Exterior
Community Features Golf, Highway Access, Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), High Traffic Location, Street Lights
Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected
Total Parking Spaces 60
Building
Foundation Combination
Sewer Septic Tank
Water Public
Structure Type Frame
New Construction No
Others
Tax ID 1016EASTMAINRDPORT
Financing Conventional
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Bought with Kirby Properties, LLC.