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Property profile & analytics
FOR SALE
Showrooms

1025 Tiogue Ave Coventry, RI 02816

2,576 SF 0.55 ac lot Built 1968
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US76-0089079
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1968
Construction FRAME
Total area 2,576 SF
Lot 0.55 ac (23,958 SF)
Zoning code 2000
APN COVE M:28 L:8
UPID US76-0089079
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Century 21 Guardian Real Estate Agency
  • Rich Lutz @ CENTURY21 Access America Real Estate Agency
  • Coventry Learning Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
$490k
Comparable Approach Comparable
$661k
Blend (final) Blend
$430k
Owner & transaction history
Elaine Eccleston T · 4 yrs held
Elaine Eccleston T
since 2021
4 recorded transactions
2021
Price N/A
2017
Price N/A
1998
Price N/A
1996
Price N/A
Zoning & alternative use
2000 · Coventry, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $580,000 +7.9%
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