1080 Tiogue AveCoventry, RI 02816

Property Details for 1080 Tiogue Ave

Year built

2008

Construction

STEEL FRAME

Lot size

2.03 AC

Property size (Sq ft)

3,600 SF

Zone code

8842

Property type

Showrooms

APN

COVE M:28 L:47-001

APU

COVEM28L47001

Description

This exceptional 3,600 square foot free-standing restaurant building presents a unique opportunity in the Coventry submarket of Rhode Island. Situated on a generous 2-acre lot at 1080 Tiogue Avenue, southwest corner of Morningside Drive and Tiogue Avenue (APN 28-047, Zoning: GB General Business), this single-tenant property offers significant potential. The building boasts a modern design, abundant natural light, and is currently vacant. The spacious layout is ideal for a variety of culinary concepts. The existing structure is in good condition and features natural gas heat. Previously operated as a barbeque restaurant, this location provides ample space for both indoor dining and outdoor seating or additional parking, leveraging the expansive land area. The property's address is 1080 Tiogue Ave, Coventry, RI 02816. This turnkey opportunity is ready for immediate occupancy and customization to suit a new operator's vision. The property is zoned for general business use, offering flexibility for potential expansion or complementary businesses. This location provides excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $874,926

  6.5%

  $807,624

  7%

  $749,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,185,348

  Geo Method

  $1,185,348

• Alternative Use

  Use

  Valuation

  Residential

  $681,261

  Hospitality

  $624,031

  Educational

  $519,187

  Medical

  $537,042

  Retail

  $807,624

Location Insight

City

Coventry

County

Kent

State

Rhode Island

Latitude

41.6788

Longitude

-71.5792

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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