80 Main RdTiverton, RI 02878

Property Details for 80 Main Rd

Year built

1950

Construction

FRAME

Lot size

0.57 AC

Property size (Sq ft)

6,402 SF

Zone code

R30

Property type

Other commercial real estate

Property subtype

Showrooms

APN

TIVE M:102 B:164

APU

TIVEM102B164

Description

This exceptional ground-level commercial space, located in Newport County, offers 700-1000 square feet of versatile office area perfect for a variety of businesses. Situated on a high-traffic corner lot within a larger 6,000 square foot building, this single-tenant space boasts ample parking for clients and employees. The building itself underwent a complete renovation in 2024, ensuring modern amenities and a fresh, updated aesthetic. The property type is flexible, accommodating retail, office, or restaurant uses, providing significant opportunity for creative entrepreneurs and established businesses alike. All utilities are included in the lease price, simplifying budgeting and operational costs. The two-story building, constructed in 1950 and recently renovated, sits on a half-acre lot, providing a substantial presence and visibility. This prime location offers excellent exposure and accessibility, making it an ideal choice for businesses seeking a thriving and convenient location. The space is ready for immediate occupancy, allowing for a quick and seamless transition into your new business home. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,555,910

  6.5%

  $1,436,224

  7%

  $1,333,637

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,107,943

  Geo Method

  $2,107,943

• Alternative Use

  Use

  Valuation

  Residential

  $1,211,509

  Hospitality

  $1,109,736

  Educational

  $923,287

  Medical

  $955,040

  Retail

  $1,436,224

Location Insight

City

Tiverton

County

Newport

State

Rhode Island

Latitude

41.6709

Longitude

-71.1846

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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