354 Tiogue Ave Tiogue Ave Coventry, RI 02816

Property Details for 354 Tiogue Ave Tiogue Ave

Year built

1933

Property type

Retail properties

Property subtype

Bars

Description

This exceptional Coventry, RI property, located at 354 Tiogue Avenue, presents a unique investment opportunity. Priced at $324,900, this mixed-use building boasts 2406 square feet on a large 11,325 square foot lot, offering ample parking. Built in 1933, the property currently houses a well-established bar operating seven days a week, occupying 1522 square feet of the first floor, and includes a covered patio. The second floor, comprising 884 square feet of unfinished space, presents significant potential for expansion, whether as a meeting room, event space, or even a residential apartment. The property's prime location on a busy thoroughfare and its substantial lot size make it ideal for a variety of uses, including restaurants, cigar bars, private clubs, or even a complete transformation into a modern establishment. The possibilities are endless for this well-known, standalone building in a high-traffic area. The property's versatility and established presence make it a compelling investment opportunity in a thriving Rhode Island community. This is a rare chance to acquire a well-positioned property with significant upside potential. The existing bar provides immediate income potential, while the expansive lot and additional floor space offer significant room for expansion and adaptation to suit a wide range of business ventures. The property's location in Coventry, RI, offers easy access to local amenities and a strong customer base.