1193 Tiogue Ave Tiogue Ave Coventry, RI 02816
- Warehouses
Current Use by Public Records
- Warehouses
Property Details for 1193 Tiogue Ave Tiogue Ave
- Year built
- 1980
- Property type
- Warehouses
- Property subtype
- Specialty properties
Description
This exceptional mixed-use property in Coventry, Rhode Island, offers 18,500 square feet on a 108,900 square foot lot, with a new roof (February 2024). Currently, 53% of the space is leased to established tenants, providing immediate income. A significant opportunity exists with a vacant 3,000 square foot suite featuring a kitchenette, private entrances, and street visibility. Ideal for various uses, including medical, fitness, or childcare. An additional 5,000 square feet of adaptable vacant space is available, divisible into two 2,500 square foot units or usable as a single large space. The property boasts a two-story building constructed in 1980, comprising four units in total. Its strategic location, 2.3 miles from I-95 and near Coventry High School, ensures high visibility and accessibility. The asking price is $1,679,000, with a 6.32% cap rate. This presents a compelling investment opportunity with strong potential for growth and diverse tenant possibilities. The property includes land, office, retail, special purpose, industrial, mixed-use, and self-storage components.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coventry
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.5854
- Latitude
- 41.6789
