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42 Main Road

Tiverton, RI 02878
  • $1,399,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 1384692
UPDATED: 43 min ago
$1,399,000
  • 6
    BEDS
  • 0.6
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 22,000
    SQFT
  • $64
    $/SQFT
Type:
Multi-Family
Built:
1949
County:
Area:

School Ratings & Info

Description

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.

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | RE/MAX Flagship are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | RE/MAX Flagship. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-22T06:38:07.66.
www.krekorianteam.com/homes/163744913
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42 Main Road Tiverton, RI 02878

  • Price: $1,399,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 43 min ago
  • MLS #: 1384692
6
Beds
2
Baths
2
½ Baths
0.6
Acres
22,000
SQFT
$64
$/SQFT
1949
Built
County:
Newport
Area:
Tiverton
Property Description
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.
Exterior Features

Construction Materials Brick Masonry Vinyl Siding Covered Spaces 0 Foundation Details Block Brick / Mortar Combination Concrete Perimeter Garage YN No Parking Features No Garage Parking Total 30

Interior Features

Appliances Dryer Oven Range Refrigerator Tankless Water Heater Washer Basement Full Partially Finished Walk- Out Access Basement YN Yes Cooling Heat Pump Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring Hardwood Carpet Heating Central Gas Heating YN Yes Interior Features Attic Bathtub Cathedral Ceiling(s) High Ceilings Stall Shower Tub Shower Vaulted Ceiling(s) Cable TV

Property Features

Electric Circuit Breakers Human Modified YN No Land Lease YN No New Construction YN No Operating Expense 0 Property Sub Type Multi Family Security Features Security System Owned Senior Community YN No Sewer Public Sewer Tax Annual Amount 9357 Tax Assessed Value 846800 Tax Lot 160 Tax Year 2024 Water Source Public

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of The Greene Realty Group: 860-560-1006.



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | RE/MAX Flagship are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | RE/MAX Flagship. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-22T06:38:07.66.
 
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John Krekorian | RE/MAX Flagship
140 Point Judith Road #23
Narragansett RI, 02882