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    354 Tiogue Ave Coventry, RI 02816

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    For Sale
    $324,900

    Well-known standalone building suitable for bar, restaurant, or retail.

    Property size:
    2,406 SF
    Lot size:
    0.26 Acres

    Property Features for 354 Tiogue Ave

    General Information

    Size
    2,406 SF
    Lot size
    0.26 Acres

    Source: Coldwell Banker Realty | East Greenwich Agent Michael Saccoccio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Bar with Redevelopment Potential

    This long-established local bar presents an opportunity for revitalization into a modern dive bar or speakeasy. The standalone building, situated on a busy street, offers potential for repurposing into a restaurant, cigar bar, private club, or ice cream stand. The first floor, currently operating as a bar, spans 1522 square feet and includes a covered patio area suitable for outdoor seating, a firepit, or an outdoor kitchen. The second floor features a bathroom and an 884-square-foot open area that could serve as a meeting or event room or be converted into an apartment for additional income or owner occupancy. The property includes a large corner lot of approximately 11.325 square feet, providing ample parking. The property is located in Coventry, RI.
    Insight Report Location Intelligence

    Current Use by Public Records

    Nickys Lounge Lounge

    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.

    Similar Places Nearby

    Main Street Pub, Black Oak Kitchen & Drinks, WCVY-FM Coventry

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5443115
    Latitude
    41.6827639

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    FAQs

    What type of property is this?
    Bar - Well-known standalone building suitable for bar, restaurant, or retail.
    Where is this bar located?
    The property is located at 354 Tiogue Ave Coventry, RI.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: - High-traffic location with a well-known, standalone building.; - Large corner lot (approx. 11,325 sq. ft) provides ample parking.; - First floor operates as an existing bar (1522 sq. ft) with a covered patio suitable for outdoor seating/kitchen.
    (401) 486-2911
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    354 Tiogue Ave Coventry, RI 02816
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    Coventry, RI 02816
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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
    354 Tiogue Ave Coventry, RI 02816
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