2139 Main RdTiverton, RI 02878

  • Other commercial real estate
  • 0.89 AC
For Sale
$2,200,000 View listing

Property Details for 2139 Main Rd

Lot size
0.89 AC
Zone code
W
Property type
Other commercial real estate
APN
TIVE M:306 B:101
APU
TIVEM306B101

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,295,357
    Hospitality
    $6,682,508
    Educational
    $5,559,768
    Medical
    $5,750,977
    Retail
    $8,648,528
2139 Main Rd, Tiverton, Rhode Island

Location Insight

City
Tiverton
County
Newport
State
Rhode Island
Latitude
41.6183
Longitude
-71.2069
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$16,300
$1,192,500
$282,600
$1,475,100
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