Overview
- Updated On:
- September 17, 2024
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.
- Principal and Interest
- Property Tax
- HOA fee
