For Sale
$7,000,000

3001 Main RdPortsmouth, RI 02871

Thriving 18-unit commercial plaza in RI.

Overview

Added:
Dec 11, 2024
Days on market:
114
Prime Portsmouth, RI location, this exceptional commercial plaza presents a rare investment opportunity. The 27,952 square foot property, built in 1990 and situated on a 3-acre lot, features 18 units with only one currently vacant. The property is zoned C-Commercial and boasts a diverse tenant mix including national brands like Dunkin' Donuts, H&R Block, and Edward Jones, as well as local businesses such as a liquor store, physical therapy practice, and several food establishments. All tenants operate under triple net (NNN) leases, providing a stable and low-maintenance income stream. This multi-tenant property offers a high occupancy rate and significant potential for future growth within a bustling commercial area. The property's strategic location ensures high visibility and consistent foot traffic, making it an attractive investment for those seeking a well-established, income-producing asset. This is a unique opportunity to acquire a proven commercial property in a desirable Rhode Island market. The property address is 3001 E Main Rd, Portsmouth, RI 02871.

Highlights

  • $7,000,000 asking price for a multi-tenant office and retail property.
  • 27,952 square feet on a 3-acre lot in Portsmouth, RI.
  • 18 units with a diverse tenant mix including national and local businesses, currently 94.4% occupied.
  • Triple Net (NNN) leases provide stable, low-maintenance income.
  • Built in 1990, with C-Commercial zoning.

Property Details for 3001 Main Rd

Property type
Retail properties, Office properties
Square Feet
27,952 SF
Year Built
1990
Lot Size (sq. ft)
130,680 SF
Units
18

Location Insight

City
Portsmouth
County
Newport
State
Rhode Island
Latitude
41.6096202
Longitude
-71.2457789
3001 Main Rd, Portsmouth, Rhode Island

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3001 Main Rd
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