417 Washington St Coventry, RI 02816

Property Details for 417 Washington St

Year built

1948

Lot size

6.09 lot acres

Property size

2,310 SF

Zone code

2000

Property type

Commercial real estate

APN

COVE M:56 L:38

APU

COVEM56L38

Description

This exceptional 6.58-acre property presents a unique investment opportunity in Coventry, Rhode Island, situated conveniently on the Coventry/West Warwick town line at 417 Washington Street, zip code 02816. The land is zoned GB, offering significant development potential. Water and sewer connections are readily available, running directly from Washington Street into the property. Adding to the investment appeal, this offering includes an adjacent 0.49-acre parcel featuring a collection of income-producing assets. These assets comprise five one-bedroom apartments, several garage rentals, and an established business, providing a current revenue stream. This presents a flexible investment scenario; the entire 6.58-acre parcel, including the existing rental properties and business, can be purchased as a single package, or the land and income-producing components can be acquired separately. The property's prime location and diverse income streams make it an attractive proposition for developers and investors seeking a multifaceted investment opportunity in a thriving Rhode Island community. The latitude and longitude coordinates are 41.6957662, -71.5345795 respectively. The asking price for the entire property is $2,600,000.

Location Insight

City

Coventry

County

Kent

State

Rhode Island

Longitude

-71.5351

Latitude

41.6969

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments