Attention Real Estate Developers. Prime location for a residential development in Western Cranston. Two development concepts (9 lots each) provided by DiPrete Engineering. First concept is 1/2 acre lots, and the second concept is 1 acre lots. Seller has already paid to bring the sewer line down from Pippin Orchard Road and is available/ready to tie into Laten Knight Road. CREATIVE OPTION TO PURCHASE CONTRACT AVAILABLE: $4k per month option fee with 9 months upfront, and monthly thereafter, until the buyer exercises their option at any time during an 18-month term. When buyer exercises their option, buyer will be able to use their accumulated payments (up to a maximum of $72k from the 18-month term) towards their down payment. Three (3) automatic extensions of two months each will be available. If buyer cannot fulfill their option, buyer may get up to $50k back, but must relinquish ownership of all legal and engineering files, including but not limited to applications, designs, etc., over to the seller.
- Price:
- $1,200,000
- Acreage:
- 29.00
- Listing ID #:
- 1331778
- Street Address:
- 300 Laten Knight Rd
- City:
- Cranston
- State:
- Rhode Island
- Postal Code:
- 02921
- County:
- Providence
- Listing Status:
- Active
- Listing Type:
- Land
- Lot Features:
- Level
- Lot Square Footage:
- 1263240
- Suitable Use:
- Development, Residential
- Topography:
- Level
- Wooded Acres:
- 20
- Zoning Description:
- Multi-Family, Residential
- Days On Market:
- 68
- On Market Date:
- 2023-03-20
- Originating Mls:
- Ris
- Tax Year:
- 2023
- Existing Water:
- Well
- Sewage Type:
- Sanitary
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Lawrence Moses with Northeast Realty Asssociates
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Statewide MLS
