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    1193 Tiogue Ave Tiogue Ave Coventry, RI 02816

    Sponsored
    For Sale
    $1,679,000

    Coventry, RI: Prime Mixed-Use Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Coventry, Rhode Island, offers 18,500 square feet on a 108,900 square foot lot, with a new roof (February 2024). Currently, 53% of the space is leased to established tenants, providing immediate income. A significant opportunity exists with a vacant 3,000 square foot suite featuring a kitchenette, private entrances, and street visibility. Ideal for various uses, including medical, fitness, or childcare. An additional 5,000 square feet of adaptable vacant space is available, divisible into two 2,500 square foot units or usable as a single large space. The property boasts a two-story building constructed in 1980, comprising four units in total. Its strategic location, 2.3 miles from I-95 and near Coventry High School, ensures high visibility and accessibility. The asking price is $1,679,000, with a 6.32% cap rate. This presents a compelling investment opportunity with strong potential for growth and diverse tenant possibilities. The property includes land, office, retail, special purpose, industrial, mixed-use, and self-storage components.

    Property Features for 1193 Tiogue Ave Tiogue Ave

    General Information

    Property type
    Schools

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • $1,679,000 asking price, 6.32% cap rate.
    • Mixed‑use commercial property totaling 18,500 square feet on a 108,900 square foot lot in Coventry, RI.
    • Four units, one two‑story building, built in 1980.
    • 53% occupancy with significant vacant space (8,500 SF) available for lease.
    • Convenient location, 2.3 miles from I‑95, near Coventry High School.
    • New roof installed February 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Map

    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.585379
    Latitude
    41.678871

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    FAQs

    What type of property is this?
    School - Coventry, RI: Prime Mixed-Use Opportunity
    Where is this school located?
    The property is located at 1193 Tiogue Ave Tiogue Ave Coventry, RI.
    What is the asking price?
    The asking price for this property is $1,679,000.
    What are key features of this property?
    This property features: $1,679,000 asking price, 6.32% cap rate.; Mixed-use commercial property totaling 18,500 square feet on a 108,900 square foot lot in Coventry, RI.; Four units, one two-story building, built in 1980.
    Request Owner's contact information
    1193 Tiogue Ave Tiogue Ave 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
    1193 Tiogue Ave Tiogue Ave Coventry, RI 02816
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