410 Tiogue AveCoventry, RI 02816

Property Details for 410 Tiogue Ave

Year built

1946

Construction

FRAME

Lot size

0.56 AC

Property size (Sq ft)

5,721 SF

Zone code

2000

Property type

Other commercial real estate

Property subtype

Showrooms

APN

COVE M:39 L:64

APU

COVEM39L64

Description

This exceptional 968-square-foot retail or office space at 410 Tiogue Avenue in Coventry, Rhode Island, offers a unique blend of tranquility and high visibility. Situated on a 24,394-square-foot lot, this single-tenant building boasts a spectacular setting overlooking Lake Tiogue. The two-story building features a single suite with two separate entrances, providing both convenience and privacy. The property includes 24 parking spaces for ample client and employee parking. Inside, you'll find central air conditioning and a security alarm system. Enjoy the peace and quiet of the lake view from your office or outdoor deck, creating an impressive environment for clients. The property benefits from high traffic exposure and a road sign, ensuring excellent visibility for your business. Utilities are partially covered, with heat and water included in the lease, and electricity supplemented by solar panels, offering both cost savings and environmental responsibility. This is a truly remarkable opportunity to establish your business in a serene yet highly accessible location. The property's address is 410 Tiogue Avenue, Coventry, RI 02816.

• CAP approach

  CAP return

  Valuation

  6%

  $1,390,403

  6.5%

  $1,283,449

  7%

  $1,191,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,883,715

  Geo Method

  $1,883,715

• Alternative Use

  Use

  Valuation

  Residential

  $1,082,637

  Hospitality

  $991,690

  Educational

  $825,074

  Medical

  $853,450

  Retail

  $1,283,449

Location Insight

City

Coventry

County

Kent

State

Rhode Island

Latitude

41.6841

Longitude

-71.5465

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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