Address
651 Main Road, Tiverton, RI
Price
$ 1,200,000
Property Attributes
- MLS#1343285
- TypeMulti-Family
- CountyNEWPORT
- CityTiverton
- NeighborhoodBusiness District
- Zip02878
- StyleMultiFamily
- Year Built1780
- Taxes$ 9023
- Price$ 1,200,000
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage5500
- Lot Size0.84 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
Rare sought-after Main Road (RT 138) COMMERCIAL PROPERTY in the heart of TIVERTON'S BUSINESS DISTRICT. Excellent Condition 5,500 SF Building, plus self-supporting 1,200 SF Commercial Garage on the rear of the property. Family Owned. Almost 1-Acre with more than 35 Parking Spaces. The property has 194 feet of frontage on Main Road, and 147 feet on Pleasant Avenue. The property is air conditioned, and has updated electrical service and heating systems. There are six current/prospective lease/rental units generating approximately $100,200 in income annually. The portion of the building currently leased by a national insurance agency, is a suite which presently has 11-plus staff offices/cubicles, kitchen, storage and more. Long-term tenants occupy a first floor suite used for a wellness business, and a second floor 3-bedroom apartment unit. The Business District includes many dozens businesses such as a US Post Office, BankNewport, lumber yard/hardware company, grocery stores, gas stations, coffee shops and much more. See RI MLS# 1343210.
| Price History | |
|---|---|
| 9/6/2023 | Listed $1,200,000 |
General Features
| Appliances | Common Water Heater |
|---|---|
| Business Type | Other |
| City | Tiverton |
| Construction Materials | Vinyl Siding |
| Cooling | Window Unit(s), Central Air |
| County | Newport |
| Electric | 200+ Amp Service |
| Garage Spaces | 4 |
| Garage Y/N | Yes |
| Heating | Forced Air, Gas, Hot Water, Oil |
| Listing Agent State License | REB.0016666 |
| Lot Size Square Feet | 36590 |
| Possession | Negotiable |
| Property SubType | Multi Family |
| Property Type | Residential Income |
| Sewer | Septic Tank |
| Standard Status | Active |
| Status | Active |
| Street Name | Main |
| Subdivision Name | Business District |
| Tax Annual Amount | 9023 |
| Tax Assessed Value | 605600 |
| Tax Lot | 116 |
| Tax Year | 2023 |
| Total Rooms | 1 |
| Total Units | 1 |
| Year Built | 1780 |
Interior Features
| Above Grade Finished Area | 5500 |
|---|---|
| Air Conditioning Y/N | Yes |
| Basement | Exterior Entry, Full, Interior Entry, Partially Finished |
| Basement (Y/N) | Yes |
| Flooring | Carpet |
| Full Baths | 1 |
| Heating Y/N | Yes |
| Livingareasource | Public Records |
| Street Suffix | Road |
| Total Baths | 1 |
| Total Bedrooms | 1 |
Exterior Features
| Building Area Total | 5500 |
|---|---|
| Covered Spaces | 4 |
| Frontage Length | 341 |
| Lot Size Acres | 0.84 |
| Lot Size Area | 36590 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Parking Features | Detached, Garage |
| Total Parking | 39 |
| Water Source | Connected |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02878
Price
Taxes
Visits
Year Built
Walkscore
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