Mixed-Use Property with Income
32 Main Rd, Tiverton, RI 02878
Three buildings with 13 rentable units, offering income potential.
Type:Retail, Multifamily, Mixed Use, Self Storage
Property size:
11,841 SFPrice / SF:
$118/SF- Added:
- Jan 24, 2024
- Days on Market:
- 858
- Last Refresh:
- May 12 at 10:40 pm
Property Features for 32 Main Rd
General Information
- Standard status
- Active
- Size
- 11,841 SF
- Property subtype
- Retail, Multifamily, Mixed Use, Self Storage
Listing agent Cesar Patricio License #RI RES.0043505
Listing office Castle Keep Realty
Listing date Jan 24, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Castle Keep Realty
HighLights
- Three income‑generating buildings on one lot.
- Thirteen rentable units provide diverse income streams.
- Gross annual income of $98,280 with below‑market rents offers revenue growth potential.
- Mixed‑use building with residential and retail units.
- Large storefront unit (2,748 sq ft) has potential to be split.
- Garage units and office loft offer additional rental opportunities.
Overview
This property presents a unique opportunity to own a single lot improved with three income-generating buildings. The first building, located at 28-32 Main Rd, is a mixed-use structure featuring four residential units totaling 4,270 square feet and two retail storefront units totaling 1,522 square feet. The second building, at 36 Main Rd, contains one large storefront unit of 2,748 square feet, which could potentially be divided into two separate units. This unit includes a storage room and a bathroom at the rear. Behind the storefront section of this building are two garage units offering 2,457 square feet. The third building, situated at 27 Rock St, comprises three garage units and an office loft area above. Each floor of the 27 Rock St building provides 1,118 square feet. In total, the property includes 13 rentable units, currently grossing $98,280 annually with rents that are below market value. The property size is 11,841 square feet.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Tiverton
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.1844823
- Latitude
- 41.6721964
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three buildings with 13 rentable units, offering income potential.
Where is this mixed-use 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‑generating buildings on one lot.; Thirteen rentable units provide diverse income streams.; Gross annual income of $98,280 with below‑market rents offers revenue growth potential.
