32 Main Rd Tiverton, RI 02878
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Three buildings, 13 units, high income potential.
Property size:
11,841 SFProperty Features for 32 Main Rd
General Information
- Property type
- Individual retail properties
- Square Feet
- 11,841 SF
- Lot Size
- 19,602 SF
Building Details
- Buildings
- 3
- Stories
- 4
- Units
- 13
Listing Agent: Cesar Patricio
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a rare chance to acquire a portfolio of three income-generating buildings situated on a single 0.45-acre lot in the desirable Tiverton, RI, location (02878). The property comprises a total of 11,841 square feet of net rentable space, encompassing a diverse mix of retail, residential, and storage units. The main building, located at 28-32 Main Rd, is a mixed-use structure featuring four residential units (4,270 sq ft) and two retail storefronts (1,522 sq ft). A second building at 36 Main Rd offers a large retail space (2,748 sq ft) with potential for division into two units, along with two spacious garage units (2,457 sq ft) and a storage room. Finally, 27 Rock St includes three garage units and a substantial office loft space (1,118 sq ft per floor, across multiple floors). Currently, the 13 rentable units generate a gross annual income of $98,280, with rents below market value, presenting significant upside potential. The property boasts eight parking spaces and is zoned R30. Built between 1900 and 1940, these three buildings offer a unique blend of historical charm and modern income-generating potential. The asking price is $1,400,000, representing a 5.00% cap rate. This is an owner/user investment opportunity with multi-tenancy.
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Location Insight
- Map
- Local Demand
- City
- Tiverton
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.184619
- Latitude
- 41.6721781
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FAQs
What type of property is this?
Individual retail property - Three buildings, 13 units, high income potential.
Where is this individual retail property 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.
What are key features of this property?
This property features: Three income-producing properties on a single 0.45-acre lot in Tiverton, RI (02878).; Main building (28-32 Main Rd): Mixed-use with four residential units (4,270 sq ft) and two retail spaces (1,522 sq ft).; Second building (36 Main Rd): Large retail space (2,748 sq ft), two garage units (2,457 sq ft), and storage.
