CCertihomes
1844 East Main, Portsmouth, RI 02871

$1,075,000

0 beds 0 baths Built 1998Active

About this home

Open concept 3192 sq ft commercial building located in busy traffic intersection of East Main Rd in central Portsmouth. Lot sq ft is a combination of Lots A and B, approximately 23, 959 sq ft with 177 ft of frontage. The building is set back on the lots with easy in and out access to parking and to the 2 overhead garage doors located on the East and the South sides of the building. Plenty of parking for approximately 16 vehicles with additional parking in the garages depending on how your business is set up. The foundation measures 100 x 33. The first floor of the building is divided into two. Both sections are wide open with the space easily renovated to meet the needs of the future owner. The second story provides private space for offices and/or a conference room. The current owners added the second floor when they purchased the building. In addition they replaced the 2 overhead garage doors, installed 2 staircases to the 2nd floor, renovated 1st floor ½ bath and installed one on the 2nd floor, updated the electric panel, installed Central Gas Heating with AC for office area, 4 zone ductless heat pump system on first floor, updated exterior and interior lighting and more. With few available commercial opportunities available for sale, explore the opportunities here. Please note: Property assessments, taxes, lot frontage and total lot size are a combination of lots 44A and 44B.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$8,534/mo

Real estate (PITI + HOA + PMI)
$6,985
Principal + interest$4,876
Property tax + insurance$1,706
PMI / 2nd mortgage$403
Utilities
$3,469
Heating + cooling$1,588
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$8,534/mo TLC
Budget$9,034/mo
Remaining after TLC$500/mo
Purchase price
$1,075,000
Down payment
$53,750 (5%)
Loan amount
$1,021,250
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1998
Lot size
0.55 ac
Stories
2
Heating
Gas Connected, Heat Pump
Cooling
Central Air, Ductless, Heat Pump
Water
Connected
HOA
Annual tax
$4,878
MLS #
1355572
County
Newport

At a glance

Air conditioning

Home features

Interior
Ceiling Height: 20+ Feet
Sewer
Septic Tank

Lot features

Free Standing

Neighborhood — 02871

MetricThis ZIPCountyUSA
Population17,7781,095,423299,088,112
Population Change Since19900.00%9.00%20.00%
Population Density975994
Male8,711529,266147,432,321
Female9,048566,157151,655,844
Never Married2,881266,40463,775,926
Married9,049435,678123,120,365
Separated23543,64212,639,686
Widowed97066,66815,467,586
Divorced1,31383,84323,075,029
Number Of House Hold6,453410,399111,826,380
Average House Hold Size2.742.562.60
Medial Age41.9537.2735.46
Median House Hold Income$68,004$47,553$48,276
Average House Hold Income$83,301$61,609$63,629
P C I$30,416$23,965$24,529
M D I$55,957$40,634$41,133
A T H E$62,229$49,940$50,898
S T R7.00%7.00%
W C J71.41%78.02%77.74%
(Zip) Code
2871

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 3/28/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.