Senior Housing Site/Development

Vacant Land for Sale
Catylist Listing ID: 30049655
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Other
Gross Land Area: 8 - 70 Acres
Sale Price: $1,150,000
Adjacent Parcels Available: Yes
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/8/2017

Overview / Comments

Planning is underway for the overall development. This property is proposed to have three (3) levels of senior care on three distinct sites. Independent Living / Assisted Living / Memory Care. Two other phases of the property are single family housing. (Pending/contingent upon approval by the town, state)
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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 - Private Waste Water Facility

Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Taxing Authority: Tiverton
Tax ID/APN: N/A
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
Feet of Frontage: 300
Highway Access: Easy access to Rt 24 by two different on/off ramps
Airports: PVD
Site Description: 50-70 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
Lot Depth: 650 X 650
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
Available Utilities: Electric, Water, Sewer, Broadband, Internet Access
Water Service: Municipal, Other
Sewer Type: 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

Source

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