42 Main Road, Tiverton, Rhode Island 02878, HOA KỲ

42-46 Main Road offers a rare opportunity to acquire a large, mixed-use commercial and residential building located in the heart of Tiverton, RI. Boasting a total usable space of approximately 20,000 square feet, including an oversized basement with high ceilings, this property offers significant potential for both investors and owner-occupiers.

The building includes two commercial units on the first floor (currently vacant) and three spacious residential apartments on the upper floors. With numerous updates underway and new roofing being delivered at sale, the property is primed for immediate use or further development.

Property Details:

Total Square Footage (Including Basement): ~22,000 SF
Total leasable square footage (GLA) 20,000 SF

Residential Units: 3

(1) Oversized 4-bedroom apartment
(2) Large 2-bedroom apartments
Commercial Units: 2 (First Floor, Vacant)

Lot Size: 0.601 Acres

Ceiling Heights: Oversized throughout, including basement

Zoning: General Commercial / Mixed Use

Recent & Planned Updates

New/Updated Roofing to be completed prior to sale

Existing fire alarm system rough-in completed

Ongoing cleanup and cosmetic improvements

Strong Upside Potential: Nearby comparable properties are listed at $110-$213/SF. This property is currently priced at just $98/SF, offering room for appreciation.