Land Available for a Senior Housing Development

Vacant Land for Sale
Catylist Listing ID: 30049655
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 8 - 12 Acres
Sale Price: $1,150,000
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

330 +/- Units of senior care potential (100-150 units per senior housing site) and can be purchased individually - pending approvals. Planning, Surveys, Engineering, Studies are underway for the development of quality country living senior housing in Tiverton, RI. This property is proposed to have three (3) levels of senior care on three distinct sites. Independent Living / Assisted Living / Memory Care. (Pending/contingent upon approval by the town, state)
Up to 70 acres of land in a country setting within 5 minutes of highway access.
Medical access nearby. Hospitals within 12 minutes. Shopping and Conveniences within 10 minutes. Near the beaches. Town Water.

Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Taxing Authority: Tiverton
Zoning: RES-40
Property Located Between: Sakonnet River and Town Center - Near Rt 24 (2 miles) and Rt 177 & 77 (1/2 mile)
Legal Description: Part of Plat 310/ Lot 112
Largest Nearby Street: Main Rd
Highway Access: Easy access to Rt 24 by two different on/off ramps
Airports: PVD
Site Description: Up to 70 acres available - Waterfalls - Ponds - Wooded - Private sighting - Very interesting topography
Area Description: Set near many higher end homes. The property is private, natural and in a beautiful open, country setting
Lot Frontage: 300+
Zoning Description: R-40 allows (with special permit) a senior housing complex
Topography: Undulating
Easements: Ingress/Egress, Preservation, Other
Easements Description: Some open fields have a non-building easement
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer, Broadband, Internet Access
Water Service: Municipal, Other
Sewer Type: Septic, Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,061 20,150 93,610
Median Age: 47.63 45.9 40.69
Households: 473 8,368 38,335
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