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246 Hope Street, Providence, RI 02906  Phone: 401-421-8888   Fax: 401-331-3018

COMMERCIAL REAL ESTATE

 

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FOR SALE

COMMERCIAL LAND

EXETER, RHODE ISLAND

 PRICE $5,500,000

 

 


 

The subject property consists of a 110± acres located on the westerly side of Routes 102 and 3 at the intersection of Route 95 in the communities of Exeter and West Greenwich, Rhode Island.  The property is identified as Lots 3, 4, 5 and 9 as located on Assessor’s Plat 7.  The somewhat irregular shaped parcel has frontage of over 2,000 LF on Route 102, 2,100 LF on Route 3 and approximately 1,000 LF of visibility from Interstate Route 95.  

 The property is reportedly accessible to the utilities of electricity and telephone.  The existing mobile home park located on Lot 5 is improved with a well and septic system. 

 

Soils in the area include the following:

·         Woodbridge, fine sandy loam

·         Paxton, fine sandy loam

·         Ridgebury, extremely stony fine sand

·         Paxton Stony

 

Visual inspection revealed pockets of wet areas some possibly caused by uncontrolled roadway run-off.  The property is not located in a flood hazard zone. 

 

A majority of the property is zoned Business.  The Business district permits a number of uses including retail and restaurants.  Uses allowed by special exception include shopping centers and automobile dealerships.  Dimensional criteria within this zone are fairly permissive but include a maximum coverage ratio of 25% and a required parking ratio of one car for every 300 SF of floor area.

 

 

Peter M. Scotti & Associates

246 Hope Street

Providence, Rhode Island

(401)421-8888

 

Michael Kern, x20

 

 

 

RI Association

of REALTORS®