Description
This property has the potential for a 55+ and family condo units in the development (all of which requires a special use permit) The site has town water available and room for septic leaching field of up to 700 Bedrooms.
This property is being developed into a possible Comprehensive Housing planned community, application is being readied for aprox 470 units, some will be LMI.
Potential to be developed into a condominium / housing development with some spectacular Western / Southwest /Northwest water view sites overlooking the Sakonnet River and Nanaquaket Pond. There are other potential condo sites which have open field overlooks to the pond and barn area. The property has a possible horse stable which is attached and also has natural preserved area.
The property has a beautiful brook running through it (away from the housing development areas) with three waterfalls and a 1-2 Acre pond which is fed by the brook. There is easy access to open space lands which abut one part of the northern boundary.
Pricing reflects the possibilities of a joint venture.
- Principal and Interest
- Property Tax
- HOA fee