Mixed-Use Property with Upper
For Sale
$975,000
1019 Main Rd, Tiverton, RI 02878
Commercial Sale, Tiverton, RI
Property Size5,024 SF
Lot Size0.23 Acres
Price / SF$194.07
Days on Market133
Property Features for 1019 Main Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R40
Zoning description
Legal Conforming
Directions
Please use GPS
Standard status
Active
APN
M:119 B:108,473804
Size
5,024 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5710
Building Details
Year built
1930
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
Listed By:
Clifford Ponte
(508) 677-3233
Added: Jun 9
Changed: Oct 19
Last Checked: Oct 19 at 8:06PM
MLS# 73532525
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,024-square-foot mixed-use property combines a street-level antique shop with a separate upper-level residence. The apartment includes two bedrooms, two full bathrooms, an open kitchen and living area, formal dining room, dedicated office, and substantial storage. The commercial space may transfer with its inventory or be delivered without it for a different business concept.
The property occupies a 0.227-acre corner lot along Main Road in Tiverton, Rhode Island. Constructed in 1930 and zoned R40, it offers a combined commercial and residential configuration within an established building. The layout supports live-work occupancy or continued use of the existing retail arrangement, subject to applicable requirements.
The property occupies a 0.227-acre corner lot along Main Road in Tiverton, Rhode Island. Constructed in 1930 and zoned R40, it offers a combined commercial and residential configuration within an established building. The layout supports live-work occupancy or continued use of the existing retail arrangement, subject to applicable requirements.
Key Highlights
- 5,024‑square‑foot mixed‑use building
- Street‑level antique shop with optional inventory inclusion
- Upper residence with 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,687
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,740
$1.1M
Cap Rate 7%
$809,814
$809.8K
Cap Rate 9%
$629,856
$629.9K
Market Conditions
NOI Build-Up for 5,024 SF
Gross rent
$90.4K $18.00/SF
− Vacancy
−$9.5K −$1.88/SF
EGI
$81.0K $16.12/SF
− OpEx
−$24.3K −$4.84/SF
NOI
$56.7K $11.28/SF
Area
Newport County, RI
Vacancy
10.45%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,740
Cap Rate 7%
$809,814
Cap Rate 9%
$629,856
Alternative Uses
Best Use
Retail
$809.8K
$708.6K – $944.8K
NOI $56,687 @ 7.0% cap · market cap 5.81%
Second Best
Mixed Use
$726.7K
$635.9K – $847.8K
NOI $50,868 @ 7.0% cap · market cap 5.22%
Theoretical Best
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,912 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 02878, RI
16,359
Population
7,747
Households
2.1
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
29.1 sq mi
ZIP Area
562
Density / Sq Mi
$99,542
Median Household Income
$49,228
Median Earnings
$1,228
Median Rent
$367,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail space is paired with a two-bedroom upper apartment.
Where is this mixed-use property located?
The property is located at 1019 Main Rd Tiverton, RI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 5,024‑square‑foot mixed‑use building; Street‑level antique shop with optional inventory inclusion; Upper residence with 2 bedrooms and 2 full bathrooms
