$635,000
$795,000
20.1%For more information regarding the value of a property, please contact us for a free consultation.
40.29 Acres Lot
SOLD DATE : 03/08/2023
Key Details
Sold Price $635,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Nasonville
MLS Listing ID 1191626
Sold Date 03/08/23
HOA Y/N No
Annual Tax Amount $6,000
Tax Year 2017
Lot Size 40.290 Acres
Acres 40.29
Property Description
This 40.29 acre parcel is part of the Nason Village comprehensive re-development plan, which allows for residential lots of as small as 12k square feet with 50 foot frontage and no minimum lot sizes for commercial pads!
With over 2900 feet of paved road frontage as many as 30 homes can be built before any roads need to be constructed!
The zoning currently allows for residential, commercial, industrial, retail, mixed use, etc. and is being amended to also allow for a contemporary co-living development, that require no subdivision, paved roads or underground utilities! As many as 80 to 100 units may be constructed on this parcel.! The Economic Development Foundation of Rhode Island has been retained by the town, to help develop the new comprehensive Nason Village re-development plan, and the town and state will be investing millions in new village infra-structure! This parcel is also zoned for large commercial solar development, has 3 phase on the property, and we have offers in hand to lease 8 acres, which can return over $1,300,000 in lease revenue to the buyer!
The asking price is only $795k and is a no lose opportunity for some lucky investor!
This parcel is located on Douglas Pike just over the North Smithfield town line and is close to all interstates.
Minutes From Bryant University, Fidelity Investments, Boston, Worcester, Providence and Warwick.
Location
State RI
County Providence
Community Nasonville
Zoning VCVPD
Exterior
Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, High Traffic Location, Street Lights
Utilities Available Cable Available, Electricity Available, Municipal Utilities, Phone Available, Water Connected, Water Available
Topography Rolling
Street Surface Asphalt
Building
Lot Description Wooded, Rolling Slope
Sewer Sanitary, Storm Sewer
Water Public
New Construction No
Others
Tax ID 0Lot7WALLINGRDBURR
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Financing Cash
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Bought with Premiere Properties, Inc
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