42-46 Main Rd 20,000 SF 100% Leased Retail Building Tiverton, RI 02878 $1,399,000 ($69.95/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- • Located near the Tiverton/Fall River line with easy access to Route 24 and major shopping/dining corridors
- • Zoned for mixed-use, providing flexibility for retail, office, or residential redevelopment
- • Two vacant first-floor commercial spaces ready for repositioning or tenant fit-out
- • Basement offers additional revenue possibilities or storage/workshop space
- • Three large apartments, all oversized units with strong rental demand
- • Full building cleanup completed
EXECUTIVE SUMMARY
FOR SALE
42–46 Main Road, Tiverton, RI 02878
ASKING PRICE: $1,399,000
TOTAL RENTABLE SPACE: 20,000 SF (including usable basement space)
LOT SIZE: 0.601 Acres
ZONING: Mixed-Use (Commercial/Residential Flexibility)
PROPERTY HIGHLIGHTS:
• Prime location in Tiverton with excellent street frontage
• Oversized ceiling heights throughout
• New or updated roofs across the entire structure
• Flexible layout suitable for investors, owner-users, or redevelopment
• Currently configured as mixed-use with both commercial and residential potential
• Ample on-site parking and accessible entrances
BUILDING DETAILS:
• Basement: 6,425 SF, of which 4,425 is usable space
• First Floor: 5,280 SF
• Finished Upper Story: 4,494 SF
• Service Production Area: 4,425 SF
• Open Porch: 278 SF
• Total Space: 20,000 SF
ADDITIONAL FEATURES:
• Cleaned and cleared, ready for occupancy or further customization
• Excellent visibility and access to major routes
• Strong upside potential in a high-demand area
CONTACT:
Joseph Graziano
State Road Partners LLC
Phone: 774-573-7170
Email: StateRoadPartners@gmail.com
42–46 Main Road, Tiverton, RI 02878
ASKING PRICE: $1,399,000
TOTAL RENTABLE SPACE: 20,000 SF (including usable basement space)
LOT SIZE: 0.601 Acres
ZONING: Mixed-Use (Commercial/Residential Flexibility)
PROPERTY HIGHLIGHTS:
• Prime location in Tiverton with excellent street frontage
• Oversized ceiling heights throughout
• New or updated roofs across the entire structure
• Flexible layout suitable for investors, owner-users, or redevelopment
• Currently configured as mixed-use with both commercial and residential potential
• Ample on-site parking and accessible entrances
BUILDING DETAILS:
• Basement: 6,425 SF, of which 4,425 is usable space
• First Floor: 5,280 SF
• Finished Upper Story: 4,494 SF
• Service Production Area: 4,425 SF
• Open Porch: 278 SF
• Total Space: 20,000 SF
ADDITIONAL FEATURES:
• Cleaned and cleared, ready for occupancy or further customization
• Excellent visibility and access to major routes
• Strong upside potential in a high-demand area
CONTACT:
Joseph Graziano
State Road Partners LLC
Phone: 774-573-7170
Email: StateRoadPartners@gmail.com
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
20,000 SF
Building Class
C
Year Built
1948
Price
$1,399,000
Price Per SF
$69.95
Cap Rate
8%
NOI
$111,920
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.76
Lot Size
0.60 AC
Zoning
R30 - Mixed Stores & Residential
Parking
25 Spaces (1.76 Spaces per 1,000 SF Leased)
Frontage
170’ on Main Rd
PROPERTY TAXES
| Parcel Number | TIVE-000102-000000-000160 | Improvements Assessment | $632,500 |
| Land Assessment | $214,300 | Total Assessment | $846,800 |
CONTACT
-
Joseph Graziano - State Road Partners Llc
