Address
00 Wapping Road, Portsmouth, RI
Price
$ 1,850,000
Property Attributes
  • MLS#1340866
  • TypeContingent
  • CountyNEWPORT
  • CityPortsmouth
  • NeighborhoodBriarwood Lane
  • Zip02871
  • Style
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description

Introducing an exceptional opportunity for builders and developers, this prime 7-acre parcel is located on Wapping Road in the picturesque town of Portsmouth, Rhode Island. Boasting an enviable location near Newport National Golf Course, pristine beaches, shopping, and the vibrant downtown of Newport, this property offers incredible potential for development or creating a unique compound. Currently comprising two lots with the potential to subdivide into up to six 40,000 sq. ft. lots, this expansive acreage is an ideal canvas for visionary builders. Presently being utilized as a nursery, the property features a wealth of natural screening on the borders while the interior remains mostly cleared. A versatile building on the property can be conveniently used as a workshop during the construction process. The front lot faces Wapping Road, providing easy access and excellent visibility. Meanwhile, the 6.5-acre lot is currently accessed via right of way on Briarwood Lane, ensuring privacy and seclusion for future residents. This highly desirable location offers the best of both worlds: a serene, semi-rural setting within close proximity to the area's finest attractions and amenities. With convenient access to all these offerings without the need for main roads, future residents will truly enjoy the ultimate coastal Rhode Island lifestyle. Please note, all interested parties must obtain permission before walking or driving onto the lot. Don't miss this rare opportunity!

Price History
8/3/2023 Listed $2,200,000
10/18/2023 16% - $1,850,000

General Features

Utilities ElectricityAvailable,MunicipalUtilities,WaterConnected
Possession Negotiable
Zoning R40
Construction Materials Other
Topography Level
Tax Year 2023
Community Features Golf,Marina,NearSchools,RecreationArea,Restaurant,Shopping
County Newport
New Construction No
Property Type Land
HOA / Comm Assn No
Attached Garage No
Contingency Soliciting Back-up Offers
Subdivision Name Briarwood Lane
Possible Use Residential,SingleFamily
Garage Y/N No
Other Structures Outbuilding
Status ActiveUnderContract
City Portsmouth
Buyer Agent Compensation 2.5% VNS
View Y/N No
Senior Community Y/N No
Zoning Description Residential
Lot Size Square Feet 304920.0
Waterfront Y/N No
Carport Y/N No
Street Name Wapping
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 0.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 242
Standard Status ActiveUnderContract
Tax Assessed Value 521700
Tax Lot 65A & 65B
MobileHomeRemainsYN No

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Road
Electric On Property Y/N No

Exterior Features

Lot Features Multiplelots,Level
Water Source Connected,MultipleMeters,Public
Lot Size Area 304920.0
Spa No
Lot Size Acres 7.0
Wooded Area 5.0
Road Surface Type Asphalt,Unimproved
Frontage Length 112
Lot Size Units SquareFeet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 02871

Price
AVG $760K
$1.85M
Visits
AVG 148
603
Data Provided by Inside Real Estate®