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2951 East Main Road

Portsmouth, RI 02871
  • $2,200,000
  • STATUS: Active
  • MLS #: 1393722
UPDATED: 47 min ago
$2,200,000
  • 0
    BEDS
  • 2.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 25,217
    SQFT
  • $87
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1860
County:
Area:

School Ratings & Info

Description

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.

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Welchman Real Estate Group | Lila Delman Compass are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Welchman Real Estate Group | Lila Delman Compass. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-12-10T17:37:38.697.
www.welchmanrealestate.com/homes/167409570
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2951 East Main Road Portsmouth, RI 02871

  • Price: $2,200,000
  • Status: Active
  • On Site: Days
  • Updated: 47 min ago
  • MLS #: 1393722
0
Beds
0
Baths
0
½ Baths
2.84
Acres
25,217
SQFT
$87
$/SQFT
1860
Built
Neighborhood:
Borden Farm Estates
County:
Newport
Area:
Portsmouth
Property Description
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.
Exterior Features

Construction Materials Frame Foundation Details Stone Lot Features Historic District Other Structures Barn(s) Parking Total 52

Interior Features

Basement Full Basement YN Yes Furnished Unfurnished Heating Gas Hot Water Heating YN Yes

Property Features

Association Amenities Restaurant Trail(s) Association Fee 863 Association Fee Frequency Monthly Community Features Highway Access Marina Near Schools Public Transportation Recreation Area Restaurant Shopping Sidewalks Trails / Paths Electric 100 Amp Service Circuit Breakers Separate Meters Horse Amenities Barn Human Modified YN No Land Lease YN No Laundry Features Common Area Laundry Room New Construction YN No Possible Use Commercial Development Investment Mixed Use Office Residential Unimproved Warehouse Property Sub Type Commercial Road Surface Type Gravel Security Features Fire Alarm Fire Escape Varies By Unit Fire Sprinkler System Sewer Septic Tank Tax Annual Amount 15000 Tax Assessed Value 1228400 Tax Lot 32 A Tax Year 2025 Tenant Pays Air Conditioning Electricity Heat Utilities Natural Gas Available Natural Gas Connected Municipal Utilities Water Connected Water Available Water Source Connected Public Zoning C

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of RE/MAX Results: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Welchman Real Estate Group | Lila Delman Compass are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Welchman Real Estate Group | Lila Delman Compass. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-12-10T17:37:38.697.
 
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29 Meetinghouse Lane
Little Compton RI, 02837