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Property profile & analytics
OFF-MARKET
Land

6 Reservoir Rd Reservoir Rd Coventry, RI 02816

Built 1938
Property ID
Property summary
AI-generated overview

This exceptional commercial land opportunity in Coventry, Rhode Island, presents a fantastic investment prospect. Located at 6 Reservoir Road, this property encompasses a substantial 67,082 square feet and comprises two lots totaling approximately 2.53 acres. Lot 99, spanning 1.53 acres, is zoned General Business 1 and features a residential structure at the rear. Lot 98, a 1-acre parcel, is currently zoned residential but a zoning change to General Business 1 is anticipated to be straightforward. The property boasts excellent visibility and accessibility, situated on a corner lot at a traffic light intersection of Route 3 and Reservoir Road. Essential utilities, including sewer and water, are readily available. Its strategic location offers convenient proximity to Route 95, just one mile away. The property's size and zoning allow for potential subdivision, making it suitable for a variety of commercial developments. The seller is open to considering lease options, providing flexibility for potential buyers. This prime location and versatile zoning make this a truly unique opportunity for investors and developers alike. Bring your vision and capitalize on this exceptional offering.

Property profile
Verified
Property type Land
Year built 1938
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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