113 Tiogue AveCoventry, RI 02816

Property Details for 113 Tiogue Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.73 AC

Property size (Sq ft)

13,548 SF

Zone code

2000

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

COVE M:32 L:76

APU

COVEM32L76

Description

This exceptional 960-square-foot commercial space, located at 113 Tiogue Avenue on the Coventry/West Warwick line, is available for lease starting July 1st. Currently configured as a thriving fitness/yoga studio, this single-tenant property offers a versatile layout ideal for a variety of businesses. The space boasts a main studio area with a durable rubberized floor, perfect for fitness activities or similar uses. In addition to the main studio, the property includes a small office, ample storage space, and an extra room, providing flexibility for various operational needs. The building features a total of 10 parking spaces, ensuring convenient access for clients and staff. Its highly visible location on Tiogue Avenue guarantees high traffic counts, providing excellent exposure for your business. The property is categorized as Retail, Special Purpose, Land, Office, Restaurant, and Industrial, reflecting its adaptability to a range of commercial uses. This is a unique opportunity to establish or relocate your business in a prime location with excellent visibility and convenient amenities. The property is situated on a lot with a size of 0 sq ft. The building itself is a single-building structure with one suite. This space is ready for immediate occupancy and presents a fantastic opportunity for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,239,889

  6.5%

  $2,067,590

  7%

  $1,919,905

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,770,182

  Geo Method

  $1,770,182

• Alternative Use

  Use

  Valuation

  Residential

  $2,563,812

  Hospitality

  $2,348,438

  Educational

  $1,953,872

  Medical

  $2,021,069

  Retail

  $3,039,357

Location Insight

City

Coventry

County

Kent

State

Rhode Island

Latitude

41.6799

Longitude

-71.534

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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