Rare development opportunity in Lincoln, RI. This 8.36-acre parcel is located within an RS-12 zoning district and offers significant potential for residential subdivision. Preliminary due diligence has already been completed, including wetland delineation and conceptual engineering plans illustrating potential 9-, 10-, and 13-lot subdivision layouts. The property's size, configuration, and favorable location make it an attractive opportunity for builders, developers, and investors seeking a project with substantial upfront planning already underway. The property is currently improved by a 3-bedroom, 2.5-bath Colonial residence, along with a detached garage featuring approximately 1,536 square feet of additional finished living space, offering immediate use, rental income potential, or a holding asset while pursuing future development plans. Inquire for additional information regarding conceptual plans, wetland mapping, and development potential.
Contact listing agent for buyer broker compensation if applicable.
41 dexter rock Road, Lincoln, RI, 02865
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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