80 Main RdTiverton, RI 02878

Property Details for 80 Main Rd

Year built

1950

Construction

FRAME

Lot size

0.57 AC

Property size (Sq ft)

6,402 SF

Zone code

R30

Property type

Showrooms

APN

TIVE M:102 B:164

APU

TIVEM102B164

Description

This exceptional ground-level commercial space, located in Newport County, offers 700-1000 square feet of versatile office area perfect for a variety of businesses. Situated on a high-traffic corner lot within a larger 6,000 square foot building, this single-tenant space boasts ample parking for clients and employees. The building itself underwent a complete renovation in 2024, ensuring modern amenities and a fresh, updated aesthetic. The property type is flexible, accommodating retail, office, or restaurant uses, providing significant opportunity for creative entrepreneurs and established businesses alike. All utilities are included in the lease price, simplifying budgeting and operational costs. The two-story building, constructed in 1950 and recently renovated, sits on a half-acre lot, providing a substantial presence and visibility. This prime location offers excellent exposure and accessibility, making it an ideal choice for businesses seeking a thriving and convenient location. The space is ready for immediate occupancy, allowing for a quick and seamless transition into your new business home. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,211,050

  6.5%

  $1,117,900

  7%

  $1,038,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $869,945

  Geo Method

  $869,945

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,180,010

  Mixed-Use / Specialty

  $1,113,910

  Hospitality / Lodging

  $817,241

  Office

  $1,107,290

  Institutional / Educational

  $1,158,020

  Residential Income

  $1,354,880

  Multifamily

  $1,624,970

  Automotive / Energy

  $992,587

  Parking / Income-Based Land

  $342,530

  Restaurant / Food Service

  $579,354

  Healthcare / Senior Housing

  $1,142,290

Location Insight

City

Tiverton

County

Newport

State

Rhode Island

Latitude

41.6709

Longitude

-71.1846

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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