3988 Main RdTiverton, RI 02878

Property Details for 3988 Main Rd

Year built

1800

Construction

FRAME

Lot size

2.02 AC

Property size (Sq ft)

2,535 SF

Zone code

R80

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

TIVE M:813 B:123

APU

TIVEM813B123

Description

This exceptional mixed-use property, located at 3988 Main Road in Tiverton, Rhode Island, presents a rare opportunity to own a piece of history. The Davenport House, a Greek Revival farmhouse built circa 1800, sits on a picturesque 2-acre lot (87,816.96 sq ft) featuring mature trees and a tranquil brook. Landscaped gardens designed by renowned landscape architect Lloyd Lawton enhance the property's charm. The main building is a two-story structure with one building and a total of two units. The second floor offers a cozy two-bedroom, one-bathroom apartment, ideal for residential use or generating rental income. A small shed provides additional storage or potential workspace. This property in the South Tiverton area, just south of Historic Four Corners, offers a unique blend of historic charm and modern business potential, making it suitable for a variety of commercial ventures. The property's zip code is 02878, and it is situated in Newport County. The asking price for this remarkable property is $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $419,111

  6.5%

  $386,872

  7%

  $359,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $331,223

  Geo Method

  $331,223

• Alternative Use

  Use

  Valuation

  Residential

  $479,721

  Hospitality

  $439,422

  Educational

  $365,594

  Medical

  $378,167

  Retail

  $568,702

Location Insight

City

Tiverton

County

Newport

State

Rhode Island

Latitude

41.5685

Longitude

-71.1855

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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