New Listing - 05/13/2025
42 Main Road, Tiverton, RI, 02878
19 rooms
6 beds
2 Full / 2 Half baths
1949
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.
Status:
Active
Type:
Multi-family
Units:
4
Garage:
No Garage
Heating:
Central, Gas
Cooling:
Heat Pump
Basement:
Full, Partially Finished, Walk-Out Access
Parking:
30-car
Acreage:
0.6
Est. Taxes:
$9,357
Assessment
$846,800
Construction
Brick,Masonry,Vinyl Siding
Appliances:
Dryer, Oven, Range, Refrigerator, Tankless Water Heater, Washer
MLS #:
1384692
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2025 State-Wide MLS, Inc. All rights reserved.
Listing courtesy of The Greene Realty Group 860-560-1006