Golf Course
Address
32 Main Road, Tiverton, RI
Price
$ 1,400,000
Property Attributes
- MLS#1350691
- TypeCommercial
- CountyNEWPORT
- CityTiverton
- Zip02878
- StyleCommercial
- Year Built1900
- Taxes$ 7898
- Price$ 1,400,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage11841
- Lot Size0.448 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
Rare opportunity to own one lot with three income-generating buildings! The first is a mixed-used building 28-32 Main Rd which has four residential units totaling 4,270 sq ft and two retail storefront units totaling 1,522 sq ft. The second building is 36 Main Rd which has one large storefront unit containing 2,748 sq ft that could be split into two units. This includes a spacious storage room and bathroom in the back. Behind the storefront section of the building are two spacious garage units which offers 2,457 sq ft. Finally there is 27 Rock St which has three garage units and a spacious office loft area above. Each floor of 27 Rock St offers 1,118 sq ft. In total there are 13 rentable units grossing $98,280 a year with below-market rents. This is an opportunity you do not want to miss. Call today to schedule your private showing.
| Price History | |
|---|---|
| 1/20/2024 | Listed $1,400,000 |
General Features
| Sewer | Connected,PublicSewer |
|---|---|
| Utilities | SewerConnected |
| Possession | Negotiable |
| Zoning | R30 |
| Security Features | FireAlarm,FireEscape,SmokeDetectors |
| Construction Materials | Brick,Frame |
| Year Built | 1900 |
| Electric | CircuitBreakers |
| Property SubType | Commercial |
| Tax Year | 2022 |
| Gross Income | 98280.0 |
| OwnerPays | Insurance,Taxes,Water |
| Business Type | Accounting,AutoRepairSpecialty,BarberBeauty,ConstructionContractor,ChildCare,Landscaping,Mixed,Retail,Storage |
| Community Features | Golf,HighwayAccess,Marina,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,TennisCourts |
| County | Newport |
| Net Operating Income | 73719.0 |
| Operating Expense | 24560.83 |
| Insurance Expense | 7717.16 |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| MaintenanceExpense | 0.0 |
| Possible Use | Commercial,MultiFamily,MiniStorage,MixedUse,Office,Residential,Retail,Warehouse |
| Garage Y/N | No |
| Status | Active |
| City | Tiverton |
| Buyer Agent Compensation | 2% |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 4 |
| Lot Size Square Feet | 19514.88 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Number of Units Leased | 12 |
| Street Name | Main |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 7898.72 |
| Home Warranty Y/N | No |
| Water Sewer Expense | 6229.32 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 94 |
| Structure Type | Apartment |
| Standard Status | Active |
| Tax Assessed Value | 593200 |
| Tax Lot | 159 |
| Cap Rate | 5.0 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | None |
|---|---|
| Furnished Y/N | Unfurnished |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Fireplace Y/N | No |
| Above Grade Finished Area | 11841.0 |
| Street Suffix | Road |
| Electric On Property Y/N | No |
Exterior Features
| Total Parking | 10.0 |
|---|---|
| Lot Size Area | 19514.88 |
| Number of Buildings | 3 |
| Spa | No |
| Building Area Total | 11841.0 |
| Lot Size Acres | 0.448 |
| Road Surface Type | Asphalt |
| Lot Size Units | SquareFeet |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
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 Commercial Average in 02878
Price
Taxes
Visits
Year Built
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