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    45 Old Flat River Rd Coventry, RI 02816

    Sponsored
    For Sale
    $699,900

    100K SF Mill Building, 2 Ponds

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 100,188 square foot property located at 45 Old Flat River Road in Coventry, Rhode Island, presents a unique investment opportunity. The property includes a 1900-built mill building situated on the land, currently offered in "as is" condition. Previously utilized for storage, the building offers significant potential for redevelopment or repurposing. The versatile property is zoned for commercial, manufacturing, and residential uses, providing flexibility for a wide range of projects. Two accompanying ace ponds add to the property's unique character and potential uses. The property features existing septic infrastructure. The substantial lot size provides ample space for expansion or future development. Located in Kent County, Rhode Island, with a zip code of 02816, this property is conveniently situated in Coventry. The asking price for this expansive property is $699,900. This is a rare chance to acquire a large parcel of land with existing structures in a desirable location. The property's diverse zoning and existing infrastructure make it an attractive prospect for investors seeking a high-return project.

    Property Features for 45 Old Flat River Rd

    General Information

    Property type
    Government properties

    Building Details

    Year Built
    1900
    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Clothing Store Kitchen & Bath Bar & Pub Electrical Service Women's Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.635285
    Latitude
    41.703788

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    FAQs

    What type of property is this?
    Government property - 100K SF Mill Building, 2 Ponds
    Where is this government property located?
    The property is located at 45 Old Flat River Rd Coventry, RI.
    What is the asking price?
    The asking price for this property is $699,900.
    Request Owner's contact information
    45 Old Flat River Rd 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
    45 Old Flat River Rd Coventry, RI 02816
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