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Property profile & analytics
OFF-MARKET Estimated value $1,950,000
Commercial real estate

2139 Main Rd Tiverton, RI 02878-4607

0.89 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US76-0380183
Property summary
AI-generated overview

This exceptional commercial property at 2139 Main Road, Tiverton, RI, presents a unique investment opportunity. Boasting 0.89 acres of land and 250 feet of deep-water frontage (8 feet at low tide), this waterfront location offers unparalleled potential. The property includes two buildings: a partially renovated 9,000 square foot structure situated on a new foundation with steel underpinnings, and a separate 2,500 square foot building. Both buildings are situated on a lot that is conveniently located just two miles from Route 24, ensuring excellent accessibility. The property's history includes previous uses as the Bridgeport Block and Manchester Seafood's site. The existing buildings date back to the late 1800s, offering a blend of historical charm and modern potential. The waterfront zoning allows for a wide range of permitted uses, while additional possibilities exist through special use permits. Previous approvals for hotel/hospitality usage demonstrate the property's suitability for a variety of commercial ventures. With its substantial size, prime location, and flexible zoning, this property is ideal for an investor seeking a high-impact commercial development project. The total building area is 11,280 square feet, offering ample space for diverse business needs. The asking price is $2,200,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.89 ac (38,551 SF)
Zoning code W
APN TIVE M:306 B:101
UPID US76-0380183
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
  • Monarch Moorings, Inc Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Nanaquaket Bridge Waterfront Public Access Point Park
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.95M
Owner & transaction history
Mills Real Estate LLC · 1 yrs held
Mills Real Estate LLC
since 2025
Last sale
$2.0M
2 recorded transactions
2025
$2.0M
2025
$2.0M
Zoning & alternative use
W · Tiverton, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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