This 40.29 acre parcel is part of the Nason Village comprehensive re-development plan, which allows for residential lots of as small as 12k square feet with 50 foot frontage and no minimum lot sizes for commercial pads!
With over 2900 feet of paved road frontage as many as 30 homes can be built before any roads need to be constructed!
The zoning currently allows for residential, commercial, industrial, retail, mixed use, etc. and is being amended to also allow for a contemporary co-living development, that require no subdivision, paved roads or underground utilities! As many as 80 to 100 units may be constructed on this parcel.! The Economic Development Foundation of Rhode Island has been retained by the town, to help develop the new comprehensive Nason Village re-development plan, and the town and state will be investing millions in new village infra-structure! This parcel is also zoned for large commercial solar development, has 3 phase on the property, and we have offers in hand to lease 8 acres, which can return over $1,300,000 in lease revenue to the buyer!
The asking price is only $795k and is a no lose opportunity for some lucky investor!
This parcel is located on Douglas Pike just over the North Smithfield town line and is close to all interstates.
Minutes From Bryant University, Fidelity Investments, Boston, Worcester, Providence and Warwick.