354 Tiogue Ave - Restaurant FOR SALE


Coventry, RI 02816
$324,900 USD
401-884-8050
354 Tiogue Ave, Coventry, RI for Sale
$324,900 USD
Restaurant - FOR SALE
1/28
null | Request Cap Rate

354 Tiogue Ave
Coventry, RI 02816


HIGHLIGHTS

  • Well known building
  • Two floor with great squre feet
  • Can be used for commercial, retail, etc
  • High traffic count
  • Great loacation for your resturant or private club or a Pizzeria

OVERVIEW

Long time owner says it is time to Retire! Here is a great opportunity to revitalize a long, well-established local bar and update it to a modern DIVE BAR or SPEAK EASY. This building is a great candidate for outstanding repurposing of this building for a restaurant, cigar bar, private club or maybe an ice cream stand, the list of new possibilities is endless. This is a well-known and standalone building, with a busy traffic count. The building has a total square footage of 2406 sq.ft. The first floor is currently the ongoing bar that operates 7 days a year and is 1522 sq. ft and has a covered patio area for outdoor seating that could make a great firepit area or outdoor kitchen. The second floor has a bathroom and large open area that should be used as a meeting or event room or possibly an apartment for added income or the building owner to live in. This unfinished second floor space is 884 square feet. A large corner lot of approximately 11.325 sq. ft serves as ample parking for this building. This well known, stand-alone location is Nicky's Lounge. Building is 1,522 square feet on the first floor with a second floor of 884. Total building of 2,406. Great visibility on Tiogue Avenue with a great traffic count of close to 18,000 vehicles a day. Ample on-site parking. Building could be used for numerous retail or commercial use,.

FOR SALE DETAILS

PRICE

$324,900 USD

PRICE/SF

$135 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Nicky's Lounge

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

2000

APN/PARCEL ID

COVE-000039-000000-000029-000002

ASK ABOUT THIS PROPERTY

Michael SaccoccioCOLDWELL BANKER REALTYMore Info
401-884-8050

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Michael SaccoccioCOLDWELL BANKER REALTYMore Info
401-884-8050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.