2951 East Main, Portsmouth, RI, 02871

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.

Commercial/Business
$2,200,000
Location
City/TownPortsmouth
CountyNewport
Community FeaturesBus, Commuter Bus, Highway Access, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Jogging Paths, Restaurant
Interior
Living Area25,217 sq. ft.
HeatingForced Water, Gas Connected
FurnishedUnfurnished
Interior FeaturesCeiling Height (7 to 9 Ft)
Additional Information
Tax Assessment$1,228,400
ZoningC
Exterior
Acreage2.84
Listed By: Re/Max Results

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