1193 Tiogue Ave Tiogue AveCoventry, RI 02816

Property Details for 1193 Tiogue Ave Tiogue Ave

Year built

1980

Property type

Other commercial real estate

Property subtype

Other warehouses

Description

This exceptional mixed-use property in Coventry, Rhode Island, offers 18,500 square feet on a 108,900 square foot lot, with a new roof (February 2024). Currently, 53% of the space is leased to established tenants, providing immediate income. A significant opportunity exists with a vacant 3,000 square foot suite featuring a kitchenette, private entrances, and street visibility. Ideal for various uses, including medical, fitness, or childcare. An additional 5,000 square feet of adaptable vacant space is available, divisible into two 2,500 square foot units or usable as a single large space. The property boasts a two-story building constructed in 1980, comprising four units in total. Its strategic location, 2.3 miles from I-95 and near Coventry High School, ensures high visibility and accessibility. The asking price is $1,679,000, with a 6.32% cap rate. This presents a compelling investment opportunity with strong potential for growth and diverse tenant possibilities. The property includes land, office, retail, special purpose, industrial, mixed-use, and self-storage components.

Location Insight

City

Coventry

County

Kent

State

Rhode Island

Latitude

41.6789

Longitude

-71.5854

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