0 New London Turnpike, Coventry

0 New London Turnpike Coventry

$4,250,000
2,238,984 sq ft

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The Property

Shovel ready! Incredible opportunity for investors and developers to acquire a large, development-ready parcel of vacant land in Coventry, RI. This expansive property offers exceptional potential and includes preliminary approvals for up to 75 residential units, making it ideal for a multi-unit or large-scale residential development. Final approval for the building permit will be completed for the buyer, allowing the project to be fully shovel-ready and ready to break ground immediately upon closing. This eliminates lengthy entitlement delays and provides a major advantage for developers looking to move forward without uncertainty.

Located in a rapidly growing and highly desirable area, the site offers excellent accessibility with close proximity to major roads and highways. Surrounded by established neighborhoods and local amenities, the location combines strong demand with long-term growth potential. With approvals in place and construction readiness secured, this is a rare chance to move directly from acquisition to development. A truly standout investment opportunity in Coventry with outstanding upside.

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Listing Details

MLS Number

1402642

Lot Size:

51.40 acres

Features

  • Rural

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Market Trends for Land
in Coventry

  • Overview
    Homes for Sale Today9-59.1% decrease in inventory
    New on Market *2100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$0.00$0 increase in List Price/Sq.Ft.
    Avg. Sale Price *$185,000$65,500 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *84.85%-19.1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$0 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *15196 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Century 21 Limitless

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