Commercial Sale at 0 New London Tpke, Coventry RI 02816, Coventry
1 photo

$4,450,000

0 New London Tpke, Coventry RI 02816
Coventry, RI 02816
Listed by Kyle Seyboth
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2026

About this home

Shovel-ready with approvals in hand! Exceptional opportunity for investors and developers to acquire a large, development-ready parcel of vacant land in Coventry, RI. This expansive property offers outstanding potential and is fully approved for up to 75residential units, making it ideal for a multi-unit or large-scale residential project. Building permit approval will be completed for the buyer, allowing for immediate construction upon closing. Skip lengthy entitlement processes and move forward with confidence and certainty. 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, this location supports strong demand and long-term growth. With approvals secured and construction readiness in place, this is a rare opportunity to go directly from acquisition to development. A standout investment in Coventry!

Property details

MLS #
73513464
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
151
On market date
May 6, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
51.4 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Hopkins Hill School
1.2 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
347
Student:teacher ratio
11.6:1
District
Coventry
Middle
Alan Shawn Feinstein MS of Cov
2.74 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
981
Student:teacher ratio
11.3:1
District
Coventry
High
The Regional Career and Tech
2.83 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
District
Coventry

Walkability

Blended score for Coventry's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

27
Car-dependent
out of 100
EPA National Walkability Index
6.5 / 20 -- Below average walkable
Google Places amenity density
18 / 100
Restaurants & cafes1
Grocery stores0
Parks4
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Coventry, from live MLS data.

On the market 151 days -- 100 more days than Coventry's current average of 51 days.
For reference, the median list price across 239 active listings in Coventry right now is $499,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$26,948/mo
$890,000 down
$3,560,000 loan
Principal & interest$23,090
Property tax (est.)$3,708
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 10, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.