1193 Tiogue Avenue Coventry, RI $ 1,679,000
1193 Tiogue Avenue
$ 1,679,000
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1193 Tiogue Avenue

Coventry, RI, 02816
$ 1,679,000
Baths0.0 Sq 18,500

Monthly Estimate*

$ 11,728

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View a Virtual Tour
Studio

Commercial Property for sale in Coventry, RI

for $1,679,000. This 18,500 square foot building was built in 1980 on a lot size of 2.5.

Introducing a prime mixed-use commercial property spanning 18,500 square feet, strategically positioned for optimal business opportunities. Currently, 53% of this space is leased to longstanding tenants, ensuring stability and reliability. However, an exceptional opportunity awaits in Suite 3, a spacious 3,000 square feet area that boasts a well-equipped kitchenette, private ingress and egress points, and a captivating street view. This unoccupied space is perfectly suited for a wide range of businesses, including medical practices, physical therapy centers, martial arts studios, licensed daycares, gyms, and much more. Additionally, there is an additional 5,000 square feet of versatile, vacant space, featuring a mix of office configurations. This space can be easily divided into two separate 2,500 square feet offices or used seamlessly as one expansive 5,000 square feet area, providing adaptability to meet your unique business needs. Conveniently situated just 2.3 miles from I-95, this property offers easy access for both local and regional customers. It is also strategically located in proximity to Coventry High School, enhancing its visibility and accessibility within the community. Don't miss the chance to make this exceptional mixed-use commercial property the new home for your business, with versatile spaces that can accommodate a wide variety of endeavors. New roof as of Feb 2024!

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Commercial Active

Price

$ 1,679,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 30,560

Style

Commercial

Lot Size

2.5

Year Built

1980

Town/City

Coventry

County/Region

Kent

MLS | Web ID

1346112

Features
General
Sewer PublicSewer SepticTank
Heating Central ForcedAir HeatPump
Cooling CentralAir
Utilities ElectricityAvailable FiberOpticAvailable NaturalGasConnected MunicipalUtilities PhoneAvailable WaterConnected SewerAvailable
Possession Negotiable
Security Features BuildingSecurity CarbonMonoxideDetectors FireAlarm FireSprinklerSystem SecurityLights
Construction Materials Brick
Year Built 1980
Electric Item200AmpService CircuitBreakers Item440Volts
Stories 2
Levels Two
Property SubType Commercial
Tax Year 2023
Business Type Accounting Advertising Church ChildCare Dental HealthServices Manufacturing Medical Mixed ProfessionalOffice OfficeSupply RealEstate Retail Storage Warehouse
Community Features Golf HighwayAccess Marina MaintenanceOnSite NearHospital NearSchools PublicTransportation RecreationArea Shopping TennisCourts StreetLights
Building Name Benjamin Square
County Kent
Insurance Expense 9950.0
New Construction N
Property Type CommercialSale
Association Amenities Maintenance
HOA / Comm Assn N
Attached Garage N
Possible Use Automotive Commercial Industrial Investment MedicalDental MixedUse Office PlaceofWorship Recreational Retail Warehouse
Garage Y/N N
Building Features PublicRestrooms
Status Active
City Coventry
Buyer Agent Compensation 2.25% NET
View Y/N N
Senior Community Y/N N
Total Units 4
Lot Size Square Feet 108900.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 5
Street Name Tiogue
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 30560.0
Electric Expense 373.0
Home Warranty Y/N N
Lease Renewal Y/N Y
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
Virtual Tour https://tour.RiLiving.com/1193-Tiogue-AV-Coventry-RI-02816--1346112
Days on Market 176
Structure Type Office
Lease Type NNN
Standard Status Active
Occupancy Description Tenant
Tax Assessed Value 1418100
Tax Lot 119
Cap Rate 3.75
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Interior
Basement Full
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 18500.0
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features Wetlands
Water Source Public
Total Parking 60.0
Lot Size Area 108900.0
Foundation Details ConcretePerimeter
Number of Buildings 1
Spa N
Building Area Total 18500.0
Lot Size Acres 2.5
Road Surface Type Asphalt
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1193
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* Excluded Features
List By
Bhhs Commonwealth Real Estate

Broker

balofsin@verizon.net

Email

Affordability Calculator

$14,275
Per Month
82%
18%
0%
Monthly Principal & Interest
$11,728
Monthly Property Taxes
$2,547
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2023$1,550,000 Listed Price

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1193 Tiogue Avenue, Coventry, RI, 02816 is a Commercial Property for sale at $1,679,000 with 18,500 sqft and a lot size of 2.5. 1193 Tiogue Avenue is a studio with 0.0 baths and was built in 1980. The property's zip code is 02816 which is in Coventry, RI