For Sale
$1,400,000

32 Main RdTiverton, RI 02878

Three buildings, 13 units, high income potential.

Overview

Added:
Feb 3
Days on market:
62
This exceptional commercial investment opportunity in Tiverton, Rhode Island, presents a rare chance to acquire a 0.45-acre lot encompassing three income-generating buildings totaling 11,841 square feet. The main property, located at 28-32 Main Road, is a mixed-use building featuring four residential units (4,270 sq ft) and two retail storefronts (1,522 sq ft). The second building, situated at 36 Main Road, boasts a large, adaptable storefront unit (2,748 sq ft) with potential for division into two separate units. This building also includes a substantial storage room, bathroom, and two spacious garage units (2,457 sq ft). Finally, 27 Rock Street comprises a building with three garage units and a sizable office loft area above, each floor offering 1,118 square feet. In total, this portfolio offers thirteen rentable units currently generating $98,280 in annual gross income, with significant potential for increased revenue through market-rate rent adjustments. This property presents a compelling investment opportunity with substantial upside potential due to the below-market rents currently in place. The location on Main Road in Tiverton offers excellent visibility and accessibility. This is a turnkey investment ready for immediate income generation and future growth. The property is priced at $1,400,000.

Property Details for 32 Main Rd

Property type
Square Feet
11,841 SF
Year Built
1900
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Tiverton
County
Newport
State
Rhode Island
Latitude
41.67214
Longitude
-71.18434
32 Main Rd, Tiverton, Rhode Island

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32 Main Rd
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