Mixed-Use Property with Income Potential

Main Road, Tiverton, RI 02878

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For Sale

$1,400,000

Three buildings with 13 rentable units grossing $98,280 annually.

Property size:

13,251 SF

Price / SF:

$105/SF

HighLights

Three income‑generating buildings on one lot offer great investment potential.
Total of 13 rentable units provide a steady income stream.
Current gross annual income of $98,280.
Mixed‑use building with residential and retail units at 28‑32 Main Rd.
Large storefront unit at 36 Main Rd that can be split, offering flexibility.
Garage units and office loft area at 27 Rock St.

We can help!

Listing Contact

Mary Abosso

For Sale

$1,400,000

Three buildings with 13 rentable units grossing $98,280 annually.

Property size:

13,251 SF

Price / SF:

$105/SF

Added:: May 5, 2024
Days on Market:: 767
Last Refresh:: May 13 at 8:18 pm

Property Features for Main Road

General Information

Standard status: Active
Size: 13,251 SF
Property subtype: Other

Building Details

Year Built: 1900

We can help!

Listing Contact

Mary Abosso

Listing agent Mary Abosso

Listing office

Listing date May 5, 2024

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All listing content including descriptions, pricing, images are the copyrighted material of Mary Abosso

HighLights

Three income‑generating buildings on one lot offer great investment potential.
Total of 13 rentable units provide a steady income stream.
Current gross annual income of $98,280.
Mixed‑use building with residential and retail units at 28‑32 Main Rd.
Large storefront unit at 36 Main Rd that can be split, offering flexibility.
Garage units and office loft area at 27 Rock St.

Overview

This property features three income-generating buildings. The first building, located at 28-32 Main Rd, is a mixed-use structure with 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 a 2,748-square-foot storefront unit that could be divided into two units. This unit includes a storage room and bathroom. Behind the storefront are two garage units offering 2,457 square feet. The third building, at 27 Rock St, has 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 below-market rents.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Map

City: Tiverton
County: Newport
State: Rhode Island
Longitude: -71.1842497
Latitude: 41.6729036

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What type of property is this?

Mixed-use property - Three buildings with 13 rentable units grossing $98,280 annually.

Where is this mixed-use property located?

The property is located at Main Road 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 offer great investment potential.; Total of 13 rentable units provide a steady income stream.; Current gross annual income of $98,280.