1193 Tiogue Avenue, Coventry, Commercial

$ 1,679,000
1193 Tiogue Avenue,
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Overview

  • Updated On:
  • October 15, 2024

Description

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!

Address: 1193 Tiogue Avenue
City:
State/County:
Zip: 02816
Country: US
Open In Google Maps
Property Id : 447153
Price: $ 1,679,000
Property Lot Size: 3 ft2
Basement: Full
Bridge Modification Timestamp: 2024-10-15T14:33:45.226Z
Building Area Total: 18500
Building Features: Restrooms,Security Lights,Sprinklers
Building Name: Benjamin Square
Business Type: Accounting,Advertising,Child Care,Church,Day Care Facility,Dental,Education/School,Executive Suites,Furniture,Garden Center,Health Care,Health Care/Medical,High-Tech,Industrial,Institutional,Manufacturing,Medical,Mixed,Museum/Gallery,Office,Office Building,Office Showroom,Office Supply,Outdoor Sign,Professional Service,Professional/Office,Real Estate,Retail,Sporting Goods,Sports/Entertainment,Storage,Street Retail,Vehicle Related,Warehouse,Warehouse/Distribution,Wholesale
Cap Rate: 3.75
Community Features: Bus,Commuter Bus,Golf,Highway Access,Hospital,Interstate,Marina,Private School,Public School,Recreational Facilities,Schools,Shopping,Near Swimming,Tennis,On-Site Maintenance
Construction Materials: Brick
Contract Status Change Date: 2023-10-16
Cooling: Central Air
Electric: 400 Amps,440 Volts,440+ Volts,Circuit Breakers,Common Meter,Individual Meter
Electric Expense: 373
Existing Lease Type: NNN
Foundation Details: Concrete Perimeter
Heating: Central Air,Central,Forced Air,Heat Pump
Insurance Expense: 9950
Lease Considered Y/N: 1
List Agent Direct Phone: 401-345-3100
List Agent Email: balofsin@verizon.net
List Agent Full Name: Barry Alofsin
Listing Contract Date: 2023-10-16
Listing Id: 1346112
Living Area Units: Square Feet
Lot Features: Suburban
Lot Size Area: 108900
Lot Size Square Feet: 108900
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-10-15T14:31:02.547Z
Number Of Buildings: 1
Number of Units in Community: 6
Number of Units Leased: 5
Number of Units Total: 4
Occupant Type: Tenant
Original Entry Timestamp: 2023-10-16T17:23:48.880Z
Original List Price: 1550000
Parking Total: 60
Possible Use: Automotive,Commercial,Industrial,Investment,Medical/Dental,Mixed Use,Office,Place of Worship,Recreational,Retail,Warehouse,Commercial
Road Surface Type: Blacktop
Security Features: Building Security,Carbon Monoxide Detector(s),Fire Alarm,Fire Sprinkler System,Security Lights
Sewer: Available,Public Sewer,Septic Tank
State or Province: RI
Status Change Timestamp: 2023-10-16T17:23:48.880Z
Stories: 2
Stories Total: 2
Street Name: Tiogue
Street Number: 1193
Street Suffix: Avenue
Structure Type: Free-Standing,Strip Center
Tax Annual Amount: 30560
Tax Year: 2023
Utilities: 3-Phase Electric,Electricity Connected,Fiber Optic,Natural Gas Connected,Municipal Water,Street Lights,Phone Connected
Year Built: 1980
Years Current Owner: 25
Other Features
Ceiling Height: 9-12 Ft,12-15 Ft
Electrical Utility Available
Has Cooling System
Has Heating System
$ 6,509.82
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 6,509.82

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Alyse Antone Smyth, Esq.