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Presented by
Kimberly Andrew |
1025 1035 Tiogue Avenue, Coventry, RI, 02816 | $549,900
Prime visibility and exceptional versatility await with this well-maintained commercial property featuring two buildings totaling over 2, 600 square feet. Designed with flexibility in mind, the property offers the potential for up to three rental units, separate electrical services, city water, and sewer availability at the street. The attractive, low-maintenance vinyl exterior is complemented by abundant paved parking in front for customers and employees, with additional parking conveniently located behind the buildings. One building also features a finished lower level, providing valuable space for storage, inventory, or additional workspace. Whether you're looking to establish professional offices, a salon, boutique, retail storefront, wellness studio, or another thriving business, this property offers endless possibilities to suit a wide range of commercial uses. Occupy one space for your own business while generating additional rental income from the remaining units a fantastic opportunity for both owner-users and investors alike! Some of the photos have been lightened and front photo was enhanced with landscaped bushes in front of building on left.
Features
- Property Type: Commercial
- Permitted Use: Commercial,Investment,Office,Retail
- Construction: Frame
- Utilities: Electricity Available,Natural Gas Available,Municipal Utilities,Phone Available,Water Connected
- Parking: 20-car
- Heating: Baseboard
- Cooling: Central Air,Window Unit(s)
- Amenities: Business Center,RestaurantBusiness Center,Golf,Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,High Traffic Location,Street Lights
- Units: 1
- Zoning: GB
- Frontage: 190
- Year Built: 1968
- Acreage: 2
- Est. Taxes: $11,523
- MLS#: 1351691
- Website: https://www.raveis.com
/prop/1351691/10251035tiogueavenue_coventry_ri?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Kimberly AndrewLuxury Properties Specialist
781.789.0009
Kimberly.Andrew@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Michael CartierVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1017266
508.335.8179
Michael.Cartier@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1025 1035 Tiogue Avenue, Coventry, RI, 02816
$549,900
Kimberly Andrew
Luxury Properties Specialist
William Raveis Real Estate
Phone: 781.789.0009
Kimberly.Andrew@raveis.com
Michael Cartier
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.335.8179
Michael.Cartier@raveis.com
NMLS Mortgage Loan Originator ID 1017266
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $439,920 | $439,920 | $439,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.640% | 5.952% |
| Monthly Tax Payment | $960 | $960 | $960 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,635 | $2,778 | $3,653 |
| Total Monthly Payment | $3,687 | $3,830 | $4,705 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB