1372 Main StCoventry, RI 02816

Property Details for 1372 Main St

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.90 AC

Property size (Sq ft)

141,802 SF

Zone code

6000

Property type

Industrial properties

APN

COVE M:52 L:2

APU

COVEM52L2

Description

This Coventry, RI property offers 142,802 square feet of flexible industrial space, ideal for manufacturing, R&D, distribution, or warehousing. Located at 1372 Main St, 02816, this multi-tenant building boasts 10 loading docks, one drive-in door, and ample parking (200 spaces). Units range from 800 to 8,612 contiguous square feet, with the potential to combine spaces. Built in 1980, the building features 3-phase power and is situated in the Coventry submarket of Kent County. The property is part of a former Gtech manufacturing facility and currently houses technology startups and expanding distribution businesses. Beyond the indoor space, over 30,000 square feet of outdoor storage or parking is available. This location provides opportunities for businesses seeking office space, small labs, incubator activities, or larger warehouse and manufacturing needs. The property's versatility makes it suitable for a wide range of industrial and commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $52,310,200

  6.5%

  $48,286,300

  7%

  $44,837,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,644,600

  Geo Method

  $29,644,600

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $24,761,000

  Mixed-Use / Specialty

  $24,672,700

  Hospitality / Lodging

  $18,101,600

  Office

  $24,526,100

  Institutional / Educational

  $25,649,700

  Residential Income

  $30,010,100

  Multifamily

  $35,992,500

  Automotive / Energy

  $21,985,400

  Parking / Income-Based Land

  $7,586,910

  Restaurant / Food Service

  $12,832,500

  Healthcare / Senior Housing

  $25,301,400

Location Insight

City

Coventry

County

Kent

State

Rhode Island

Latitude

41.6629

Longitude

-71.5719

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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