Technical
Financial
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Property profile

6 Reservoir Rd Reservoir Rd Coventry, RI 02816

OFF-MARKET
Land
Built 1938
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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

Location

6 Reservoir Rd Reservoir Rd Coventry, RI 02816
Coventry metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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