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    32 Main Rd Tiverton, RI 02878

    Sponsored
    For Sale
    $1,400,000

    Three buildings, 13 units, high income potential.

    Property size:
    11,841 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial investment opportunity in Tiverton, Rhode Island, presents a rare chance to acquire a 0.45-acre lot encompassing three income-generating buildings totaling 11,841 square feet. The main property, located at 28-32 Main Road, is a mixed-use building featuring four residential units (4,270 sq ft) and two retail storefronts (1,522 sq ft). The second building, situated at 36 Main Road, boasts a large, adaptable storefront unit (2,748 sq ft) with potential for division into two separate units. This building also includes a substantial storage room, bathroom, and two spacious garage units (2,457 sq ft). Finally, 27 Rock Street comprises a building with three garage units and a sizable office loft area above, each floor offering 1,118 square feet. In total, this portfolio offers thirteen rentable units currently generating $98,280 in annual gross income, with significant potential for increased revenue through market-rate rent adjustments. This property presents a compelling investment opportunity with substantial upside potential due to the below-market rents currently in place. The location on Main Road in Tiverton offers excellent visibility and accessibility. This is a turnkey investment ready for immediate income generation and future growth. The property is priced at $1,400,000.

    Property Features for 32 Main Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,841 SF
    Lot Size
    19,602 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tiverton
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.18434
    Latitude
    41.67214

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    FAQs

    What type of property is this?
    Commercial real estate - Three buildings, 13 units, high income potential.
    Where is this commercial real estate located?
    The property is located at 32 Main Rd Tiverton, RI.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (401) 846-0386
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    32 Main Rd Tiverton, RI 02878
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32 Main Rd Tiverton, RI 02878
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