$2,200,000

2951 East Main Road, Portsmouth, RI 02871

  • 25,217 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1860
  • Property Lot Size Icon2.84acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $87/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Date Added:
August 28, 2025 at 05:00AM
Listing Office:
RE/MAX Results : 401-848-7827
MLS ID:
1393722
  • Laundry: Common AreaLaundry Room
  • Basement: Full
  • Heating: GasHot Water
  • General: Barn(s)
  • Other Structures: Barn(s)
  • Parking: Parking spaces: 52
  • General: Frame0Stone
  • Road/Access: Gravel
  • HOA Amenities: RestaurantTrail(s)863.0Monthly
  • Originating MLS: RIS_RIS
  • County: Newport
  • Zoning: C29512967EASTMAINRDPORT
  • Utilities: Natural Gas AvailableNatural Gas ConnectedMunicipal UtilitiesWater ConnectedWater Available100 Amp ServiceCircuit BreakersSeparate Meters
  • Water: ConnectedPublic
  • Sewer: Septic Tank
  • Source: RIS_RIS

This listing courtesy of RE/MAX Results

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hathaway Elementary School

53 Tallman Ave, Portsmouth, RI, 02871

Grades KG-4

0.55 miles away

P

Portsmouth Middle School

125 Jepson Ln, Portsmouth, RI, 02871

Grades 5-8

4.25 miles away

P

Portsmouth High School

120 Education Ln, Portsmouth, RI, 02871

Grades 9-12

0.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.