32 Main Road Tiverton, RI $ 1,400,000
32 Main Road
$ 1,400,000
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32 Main Road

Tiverton, RI, 02878
$ 1,400,000
Baths0.0 Sq 11,841

Monthly Estimate*

$ 9,779

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Studio

Commercial Property for sale in Tiverton, RI

for $1,400,000. This 11,841 square foot building was built in 1900 on a lot size of 0.448.

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.

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Commercial Active

Price

$ 1,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,898

Style

Commercial

Lot Size

0.448

Year Built

1900

Town/City

Tiverton

County/Region

Newport

MLS | Web ID

1350691

Features
General
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
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 N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Possible Use Commercial MultiFamily MiniStorage MixedUse Office Residential Retail Warehouse
Garage Y/N N
Status Active
City Tiverton
Buyer Agent Compensation 2%
View Y/N N
Senior Community Y/N N
Total Units 4
Lot Size Square Feet 19514.88
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 12
Street Name Main
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 7898.72
Home Warranty Y/N N
Water Sewer Expense 6229.32
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 94
Structure Type Apartment
Standard Status Active
Tax Assessed Value 593200
Tax Lot 159
Cap Rate 5.0
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Interior
Basement None
Furnished Y/N Unfurnished
Total Stories 0
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 11841.0
Street Suffix Road
Electric On Property Y/N N
Total Baths 0
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Exterior
Total Parking 10.0
Lot Size Area 19514.88
Number of Buildings 3
Spa N
Building Area Total 11841.0
Lot Size Acres 0.448
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 32
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* Excluded Features
List By
Castle Keep Realty Corp.

Broker

Cesar@Castlekeeprealtynpt.com

Email

Affordability Calculator

$10,438
Per Month
94%
6%
0%
Monthly Principal & Interest
$9,779
Monthly Property Taxes
$658
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
THE TIME TO SELL IS NOW!
Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/20/2024$1,400,000 Listed Price

Map


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32 Main Road, Tiverton, RI, 02878 is a Commercial Property for sale at $1,400,000 with 11,841 sqft and a lot size of 0.448. 32 Main Road is a studio with 0.0 baths and was built in 1900. The property's zip code is 02878 which is in Tiverton, RI