Property Details for 32 Main Rd

Year built

1900

Lot size

0.45 lot acres

Property size

11,841 SF

Property type

Commercial real estate

Description

This exceptional commercial investment opportunity in Tiverton, Rhode Island, presents a rare chance to acquire a 0.45-acre lot encompassing three income-generating buildings totaling 11,841 square feet. The main property, located at 28-32 Main Road, is a mixed-use building featuring four residential units (4,270 sq ft) and two retail storefronts (1,522 sq ft). The second building, situated at 36 Main Road, boasts a large, adaptable storefront unit (2,748 sq ft) with potential for division into two separate units. This building also includes a substantial storage room, bathroom, and two spacious garage units (2,457 sq ft). Finally, 27 Rock Street comprises a building with three garage units and a sizable office loft area above, each floor offering 1,118 square feet. In total, this portfolio offers thirteen rentable units currently generating $98,280 in annual gross income, with significant potential for increased revenue through market-rate rent adjustments. This property presents a compelling investment opportunity with substantial upside potential due to the below-market rents currently in place. The location on Main Road in Tiverton offers excellent visibility and accessibility. This is a turnkey investment ready for immediate income generation and future growth. The property is priced at $1,400,000.

Location Insight

City

Tiverton

County

Newport

State

Rhode Island

Longitude

-71.1843

Latitude

41.6721