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$652,500
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Property Description
The Receiver has received an offer of $625,000, subject to higher or better offers and Court approval. A sale hearing is scheduled for October 7. 2024 at 9:30 a.m. before the Rhode Island Superior Court, Out-County Business Calendar sitting at the Newport County Superior Court. Any party may attend the sale hearing and present a higher or better competing offer. Any competing offers must be accompanied by a five percent (5%) deposit. Introducing a prime commercial restaurant space and land development opportunity nestled in the picturesque Little Compton, offering a sprawling 5.3 acres of potential. This offering is a Receiver Sale and is subject to court approval. The Restaurant is situated as a legal non-conforming use within a residential zone, the potential for transformation is boundless. Benefit from the substantial septic system and liquor license. This offering presents a unique chance to reimagine a restaurant space or the possibility of crafting a full-scale residential oasis across the expansive 5.3-acre canvas. Comprising two distinct lots one spanning 3.2 acres and the other 2.1 acres the flexibility to acquire either individually or as a combined parcel offers strategic investment opportunities. ** Please review the attached brochure for property information and sale process details.
Full Property Details
Full Property Details for 90 Pottersville Rd
General
- Sold For: $652,500
- Taxes: $4,604 (2024)
- Status: Closed
- Type: Commercial Service
- Source: STWMLS
- MLS ID: 1357135
- Added to Site: 776 day(s) ago
Business
- Name: RL Flounders
- Business Type: Restaurant
Parking
- Total Spaces: 100
Location
- County: Newport
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Utility Description: Natural Gas Not Available
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: Frame
- Basement Desc.: None
- Stories/Levels: 0
- Year Built: 1920
- Other Struct. Feat.: Public Restrooms
Unit Information
- Vacancy %: 100
Lot Features
- Lot Size (Acres): 5.2
- Lot Size (Sq. Ft.): 226,512
- Lot Size: 226512
- Frontage: City Street
Financial Considerations
- Tax Amount: $4,604
- Tax Year: 2024
Disclosures and Reports
- Documents Avail.: Aerial, License(s)
- Inclusions: Restaurant equipment and all mechanicals are included but being sold as is- no warranties to condition
- Disclosures/Rstr.: Septic Disclosure
- Property ID: 90POTTERSVILLERDLCOM
- Lot Number: 7/1&2
Listed and Sold by Kirby & Kirby
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Schools
Schools serving 90 Pottersville Rd
School District:Little Compton School District
| Name | Grades | Distance |
|---|---|---|
Wilbur & McMahon School 28 Commons, Little Compton, RI 02837 | PK-8 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 90 Pottersville Rd
Date
Details
Price
Change
Source
11/27/2024
Sold
$652,500
4.4%
MLS
9/05/2024
Price Reduced
$625,000
-28.57%
MLS
7/15/2024
Price Reduced
$875,000
-5.41%
MLS
4/19/2024
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
90 Pottersville Road, Little Compton, RI 02837 (MLS# 1357135) is a Commercial Service property that was sold at $652,500 on November 27, 2024. Want to learn more about 90 Pottersville Road? Do you have questions about finding other Commercial Service real estate for sale in Little Compton? You can browse all Little Compton real estate or contact a Coldwell Banker agent to request more information.

