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    42 Main Rd Tiverton, RI 02878

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    For Sale
    $1,100,000

    Large mixed-use property with residential, commercial, and warehouse space.

    Lot size:
    0.61 Acres

    Property Features for 42 Main Rd

    General Information

    Lot size
    0.61 Acres

    Building Details

    Year built
    1900

    Source: Homes By Connect Agent Kathryn Donovan

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

    Overview

    Mixed-Use Property with Redevelopment Potential

    This mixed-use property, located on a corner lot, offers approximately 20,000 square feet of usable space. The current layout includes over 4500 square feet of residential space, configured as 3-4 apartments, and multiple commercial spaces with street access. A 4225-square foot flexible use space, previously an arcade, and a 4225-foot lower level with grade level access and a loading dock are also present. The property is located on the Tiverton-Fall River state line, providing convenient access to Rt 24 toward Boston, Newport, and Bristol. The building features parking lots on both sides.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -71.1845114
    Latitude
    41.6720242

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    FAQs

    What type of property is this?
    Mixed-use property - Large mixed-use property with residential, commercial, and warehouse space.
    Where is this mixed-use property located?
    The property is located at 42 Main Rd Tiverton, RI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Approximately 20,000 square feet of total usable space.; - Boasting nearly 14,000 square feet of living, working, and warehouse space.; - Ideally located on a large corner lot with parking lots on both sides.
    (401) 323-3546
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    42 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
    42 Main Rd Tiverton, RI 02878
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