1025 Tiogue Ave Coventry, RI 02816
- Showrooms
- 2,576 SF
- 0.55 lot acres
Current Use by Public Records
- Century 21 Guardian / Real Estate Agency
- Rich Lutz @ CENTURY21 Access America / Real Estate Agent
- Coventry Learning Center / Tutoring Service
Property Details for 1025 Tiogue Ave
- Year built
- 1968
- Construction
- FRAME
- Lot size
- 0.55 lot acres
- Property size
- 2,576 SF
- Zone code
- 2000
- Property type
- Showrooms
- APN
- COVE M:28 L:8
- APU
- COVEM28L8
Description
This exceptional commercial property, located at 1025 Tiogue Avenue in Coventry, Rhode Island, presents a unique investment opportunity. The property boasts two free-standing buildings totaling over 2,640 square feet, situated on a highly visible two-acre lot along Route 3. The buildings share a joint access point and offer significant flexibility for a variety of commercial uses. Currently configured as two to three rental units, the property is zoned commercial, allowing for diverse business ventures. One building features a finished lower level, adding to its versatility. Extensive paved parking is available in front of the buildings, with additional parking located at the rear, ensuring ample space for customers and employees. The exterior is finished with durable vinyl siding. The property's prime location and substantial size make it ideal for a range of businesses, from professional offices and salons to retail establishments such as gift shops. The potential to operate a business in one building while generating rental income from the other presents a compelling investment strategy. The seller may consider leasing options. This property offers a rare combination of visibility, space, and versatility, making it an attractive proposition for discerning investors and entrepreneurs. The asking price is $574,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $555,000
- 7%
- $615,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $640,000
- Geo Method
- $570,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $525,000
- Retail
- $475,000
- Mixed-Use
- $570,000
- Hospitality
- $550,000
- Educational
- $550,000
- Residential Income
- $620,000
- Energy
- $560,000
- Income-Based Land
- $625,000
- Food Service
- $635,000
Location Insight
- Map
- Local Demand
- City
- Coventry
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.5776
- Latitude
- 41.6798
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA