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(former) "TOM'S MARKET" 821 Tiogue Ave 6,850 SF Retail Building Coventry, RI 02816 $975,000 ($142.34/SF)
Executive Summary
Central Retail location with 122ft. frontage on Coventry's main commercial corridor, with 9500 daily traffic exposure. 40 yr. Landmark Tom's Market (now closed) but Property/Equipment for sale. Currently set up as full service food market with freezer/refrigeration rooms, multiple retail coolers, food preparation sections, extensive shelving and storage. Zoned GB - Suitable for current use or conversion to varied Retail, Sales/Service, Professional, Personal Service, etc.
Construction: 6850+/-SF concrete block on slab foundation, built 1985, upgraded 2010, including rubber membrane roof. Extensive parking on .55 ac site,
Lot repaved 2 yrs. Water/Sewer, 400amp/ 3phase electric, gas forced air heat/AC, with four HVAC units 6yrs old or newer. Single OH door - dock loading.
PROPERTY ALSO AVAILABLE FOR LEASE: $11.00/SF NNN ( 3% annual increase); allow $3.50/SF for taxes, insurance. CAM.
Construction: 6850+/-SF concrete block on slab foundation, built 1985, upgraded 2010, including rubber membrane roof. Extensive parking on .55 ac site,
Lot repaved 2 yrs. Water/Sewer, 400amp/ 3phase electric, gas forced air heat/AC, with four HVAC units 6yrs old or newer. Single OH door - dock loading.
PROPERTY ALSO AVAILABLE FOR LEASE: $11.00/SF NNN ( 3% annual increase); allow $3.50/SF for taxes, insurance. CAM.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
6,850 SF
Building Class
C
Year Built
1985
Price
$975,000
Price Per SF
$142.34
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
0.55 AC
Zoning
GB - General Business - GB - General Business
Parking
40 Spaces (5.84 Spaces per 1,000 SF Leased)
Frontage
122’ on Tiogue Avenue
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | COVE-000037-000000-000119 | Total Assessment | $846,300 (2024) |
| Land Assessment | $461,300 (2024) | Annual Taxes | ($6,850) (($1.00)/SF) |
| Improvements Assessment | $385,000 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
COVE-000037-000000-000119
Land Assessment
$461,300 (2024)
Improvements Assessment
$385,000 (2024)
Total Assessment
$846,300 (2024)
Annual Taxes
($6,850) (($1.00)/SF)
Tax Year
2025
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(former) "TOM'S MARKET" | 821 Tiogue Ave
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