This ONE-ACRE CORNER LOT is a rare opportunity to purchase a COMMERCIALLY zoned parcel in the Central Business District of Portsmouth. Located at the corner of East Main Road and Potomac Road, this lot has high traffic and high visibility with 425 feet of street frontage between East Main and Potomac. It sits across from an established commercial building. Property had a soil evaluation on file with DEM, dated 2022 which evaluated the soil to be appropriate for an advanced technology septic system.
Subdivision:
Central Business District
Lot Description:
Corner Lot,Level
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), High Traffic Location, Sidewalks
0 East Main Road, Portsmouth, RI, 02871
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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