New London, Coventry, RI, 02816

Shovel ready! Incredible opportunity for investors and developers to acquire a large, development-ready parcel of vacant land in Coventry, RI. This expansive property offers exceptional potential and includes preliminary approvals for up to 75 residential units, making it ideal for a multi-unit or large-scale residential development. Final approval for the building permit will be completed for the buyer, allowing the project to be fully shovel-ready and ready to break ground immediately upon closing. This eliminates lengthy entitlement delays and provides a major advantage for developers looking to move forward without uncertainty. Located in a rapidly growing and highly desirable area, the site offers excellent accessibility with close proximity to major roads and highways. Surrounded by established neighborhoods and local amenities, the location combines strong demand with long-term growth potential. With approvals in place and construction readiness secured, this is a rare chance to move directly from acquisition to development. A truly standout investment opportunity in Coventry with outstanding upside.