Active

651 Main Road

Tiverton RI, 02878

$1,100,000


$200.00 per sqft

Active

1 Bed

1 Bath

5,500 sqft

Multi-family

Built in 1780

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.

1343285

MLS ID

September 6, 2023

Listed

February 16, 2024

Updated

Map

651 Main Road
Tiverton RI, 02878

Interior Features

Total Stories

0


Bedrooms

1 Bed


Bathrooms

1 Bath


Appliances

Common Water Heater


Floor Description

Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s), Central Air


Heating

Yes


Heating Description

Forced Air, Gas, Hot Water, Oil

Exterior/Building Features

Lot Size

0.84 Acres


Sewer

Septic Tank

Other Property Details

Taxes

$9,023


Tax Frequency

Annually


Days on Market

135


Garage

Yes


Garage Spaces

4


Parking

Detached, Garage


Parking Total

39


View

No


County

Newport


Water Source

Connected


Pool

No


Buyer Agency Compensation

2% NS

 

Courtesy of Tom TIMBERLAKE Real Estate

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Mott & Chace Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Data last updated 5:33 AM UTC, 2/16/2024.

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