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113 Tiogue Ave Coventry, RI 02816-5279

Investment properties Google Maps
13,548 SF 0.73 ac lot Built 1950
Entity Owned 14-yr Hold
Estimated value (blended)
$610k
Range $549k – $671k (±10%)
Property ID US76-0066757

Property summary

AI-generated overview

This exceptional 960-square-foot commercial space, located at 113 Tiogue Avenue on the Coventry/West Warwick line, is available for lease starting July 1st. Currently configured as a thriving fitness/yoga studio, this single-tenant property offers a versatile layout ideal for a variety of businesses. The space boasts a main studio area with a durable rubberized floor, perfect for fitness activities or similar uses. In addition to the main studio, the property includes a small office, ample storage space, and an extra room, providing flexibility for various operational needs. The building features a total of 10 parking spaces, ensuring convenient access for clients and staff. Its highly visible location on Tiogue Avenue guarantees high traffic counts, providing excellent exposure for your business. The property is categorized as Retail, Special Purpose, Land, Office, Restaurant, and Industrial, reflecting its adaptability to a range of commercial uses. This is a unique opportunity to establish or relocate your business in a prime location with excellent visibility and convenient amenities. The property is situated on a lot with a size of 0 sq ft. The building itself is a single-building structure with one suite. This space is ready for immediate occupancy and presents a fantastic opportunity for growth.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,548 SF
Lot 0.73 ac (31,799 SF)
Zoning code 2000
APN COVE M:32 L:76
UPID US76-0066757

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center Sports School
  • Discount Store Waste Management Facility
  • HVAC Service General Contractor
  • Shopping Center & Mall
  • Tattoo & Piercing Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$610k

Owner & transaction history

since 2011
5 recorded transactions
2022
Price N/A
2021
Price N/A
2013
Price N/A
2011
$600,000
2009
Price N/A

Zoning & alternative use

2000 · Coventry, RI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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