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    550 Main Rd Tiverton, RI 02878

    Sponsored
    For Lease
    $60 SF/Yr

    Prime Location, Ample Parking, All Utilities Included

    Lot size:
    150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Tiverton property offers a unique opportunity to lease a prime office or retail space. Located at 550 Main Road, this single-tenant building boasts a total of 150 square feet of usable space, perfect for a small business or professional office. The building itself is a two-story structure situated on a substantial 37,462 square foot lot, providing ample room for expansion or outdoor use. With a generous 200-foot frontage, the property enjoys excellent visibility and accessibility. Tenants will benefit from the convenience of 10 on-site parking spaces, eliminating the hassle of finding parking in a busy area. The property is zoned GC, offering flexibility for various business types. The building's location provides easy access to Routes 24 and 195, ensuring convenient commutes for employees and clients. Furthermore, Newport and Providence are just minutes away, offering access to a wider range of amenities and services. Electricity is included in the lease, reducing operational costs for the tenant. Individual offices, suites, and units are available, starting at $750 per month. This is an ideal opportunity for a business seeking a well-located, functional, and cost-effective space in a thriving community.

    Property Features for 550 Main Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    150 SF

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    150 SF
    Rate per SF
    $60

    HighLights

    • Prime office/retail space in Tiverton for lease.
    • Single‑tenant occupancy in a 150 sq. ft. unit.
    • Building features 10 parking spaces.
    • Located on a 37,462 sq. ft. lot with 200 feet of frontage.
    • Two‑story building with GC zoning.
    • Electricity included in lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Omni Learning Training ... Training Centre

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tiverton
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.1919666
    Latitude
    41.6581461

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Retail property - Prime Location, Ample Parking, All Utilities Included
    Where is this retail property located?
    The property is located at 550 Main Rd Tiverton, RI.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: Prime office/retail space in Tiverton for lease.; Single-tenant occupancy in a 150 sq. ft. unit.; Building features 10 parking spaces.
    Request Owner's contact information
    550 Main Rd Tiverton, RI 02878
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    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
    550 Main Rd Tiverton, RI 02878
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