MLS® ID: 1161255
0 Steere Farm RD
Burrillville, Rhode Island, 02830 $929,000
This is a 29.1 acre residential property that was previously approved for a 61 unit over-55 housing project. The property consists of three lots (Plat 176, Lots 3 & 5, and Plat 177, Lot 30), with frontage on Steere Farm Road and Mowry Street. It is zoned R-40 and lies within the Village Planned Development Overlay District, which allows several types of residential development.
There are three attached concept plans. One shows a 46 lot single family subdivision with 2,000 - 2,100 s.f colonials, with two car garages on 12,000+ s.f. lots. The second shows an 80 unit (40 building) duplex condo project, with 1,500 s.f. one floor units with two car garages. The third shows a 118 unit (59 building) duplex condo project, with 1,200 - 1,300 s.f. townhouse units with one car garages.
The town of Burrillville requires all new residential developments to set aside 20% of the units for low to moderate income buyers; however, it might be possible to pay a fee to the town instead of complying with the 20% requirement. The topography is rolling and wooded, and will provide an attractive development site when completed. A concept plan narrative for a 100 unit condominium project is attached.
This is a great opportunity to build a large scale residential project in one of the more rural areas of Rhode Island, while still being only 14 minutes from Route 146, and 19 minutes from Route 295.