Why We Love it
1780-1782 Main Road, Tiverton, RI 02878
Nestled in the charming coastal town of Tiverton, this building is an exclusive chance to own a standalone commercial property south of the Sakonnet River Bridge. Across the street from the waterfront and neighboring renowned establishments like Coastal Roasters, The Red Dory, and Bank Newport, the property offers a blend of convenience and coastal charm. The building includes a full basement, providing additional space and flexibility. Noteworthy features include: recently updated furnaces, and five off-street parking spaces in the back of the property. Currently 100% occupied with two commercial tenants in place, this property offers immediate income for an investor. The prior owners also received zoning approval to add a second-floor residential apartment, presenting an opportunity to add value and create an additional income stream. Buyers should verify the status and terms of that approval with the Town of Tiverton.
This property is being sold “as-is”, as part of a receivership sale. All offers are subject to court approval.
SALE PRICE:
$565,000
SALE PRICE:
$565,000
RENT ROLL & EXPENSES:
Please inquire for full package
PROPERTY TYPE:
Commercial Building
AVAILABLE SPACE:
2,470 SqFt + Unfinished basement
LOT SIZE:
0.145 Acres | 6,316 SqFt
BATHROOMS:
One half bathroom per unit
ELECTRIC:
100 Amps
SEWER:
Cesspool, needs to be replaced within 1 year of purchase
ASSESSMENT:
$413,600
ROOF:
Rubber Membrane
UNITS:
Total of 2 units - both currently leased
Unit 1: 1,100 SqFt
Unit 2: 1,300 SqFt
LOCATION:
Right on Main Road, just south of the Sakonnet Bridge
PARKING:
Located in the rear of the building
5 off street parking spots
HEAT/AIR:
Gas | Forced air | Heating & cooling
Two separate furnaces installed in 2019
ZONING:
GC | General Commercial
WATER:
Publicly connected
TAXES:
$4,690.22/ Year - Per 2025 tax rate
PLAT/LOT:
305 / 117
YEAR BUILT:
1938