580 R Highland Road
580 R Highland Road Tiverton, Rhode Island 02878 United States

$3
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Listing Courtesy of Century 21 Topsail Realty
10 Acres
Exterior
Commercial
Property type
1930
Year Built
1278538
Web Id
1278538
MLS ID
Highlands
Subdivision
Tiverton
School District
36
days ago

About 580 R Highland Road

Rock, Sand and Gravel extraction site for lease 5 or 10 acre site available.---------- Term of the lease can be 1 , 5 , 10 years with options available.--------Lease for the 10 Acres equates to $3.00 per square foot of ground per year. A large operation of 10 acres equals 435,600 square feet of ground. A smaller operation of 5 acres equals 217,800 square feet of ground. --------------- Estimated yield of granite material is 200,000 tons per acre of material. -------------Cost for a 10 acre ground lease is $1,306,800.00 per year or $108,900.00 per month. Cost for a 5 acre ground lease is $653,400.00 per year / $54,450.00 per month. ------------- Lease term will end at the expiration of the term or when there is no more material to extract. ---------- Water available (Private source), Parking area available both included in lease.The extraction site is on a farm and has been in operation since the 1930's. -------------Lessee will be responsible for the engineering study of the granite for their specific uses, state certifications etc.This is a ground lease for extraction operations. The parent material is Bulgarmarsh Granite (per USGS studies).This site is also a terminal moraine with intrusions of Fall River Granite------------The material is valuable as - Seawall stones, Wall Stone, Rip Rap (3/4 - 12" +/-) Sand and Gravel , Stone dust and more. ---------- Bring your excavators, loaders, crushers, screeners and trucking equipment * start digging for dollars.

PROPERTY INFORMATION

Location
Rural
Water
Available, Private
Listing Courtesy of Century 21 Topsail Realty
Listing Courtesy of Century 21 Topsail Realty
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Listing Courtesy of Century 21 Topsail Realty
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